QELL SEC filings, in plain English
Everything Qell Acquisition Corp has filed with the SEC that we hold — 40 filings, newest first, 1 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
- What changed vs 2021-05-24trust $379.6M → $379.7M +0%shares 32.6M → 32.5M -0%
trust account, redeemable shares, going-concern doubt2 moved · 1 with no prior record of ours
- Trust account
- $379.6M$379.7M
- Redeemable shares
- 32.6M32.5M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $13,570 was added to the trust between the two filings.
The clause …“party 87,365 — Total current assets 815,416 2,538,901 Investments held in Trust Account 379,656,050 379,579,492 Total Assets $ 380,471,466 $ 382,118,393 Liabilities and Shareholders' Equity Current”…
SpacBrain reads this as 40,175 shares are no longer redeemable.
The clause …“authorized; 5,418,314 and 7,737,284 shares issued and outstanding (excluding 32,531,686 and 30,212,716 shares subject to possible redemption) as of June 30, 2021 and December 31, 2020, respectively 542 774 Class B ordinary shares,”…
The clause “OTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS The liquidity condition raises substantial doubt about the Company’s ability to continue as a going concern for one year from the date of the filing of this Quarterly Report on Form 10-Q.”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Qell Acquisition Corp. issued definitive merger materials for an extraordinary general meeting on Friday, September 10, 2021 at 9:00 a.m. New York City time at the offices of Goodwin Procter LLP in New York, on the Business Combination Agreement dated March 30, 2021 with Lilium GmbH, Lilium B.V. as Holdco and Queen Cayman Merger LLC. Qell merges into Merger Sub; each Qell ordinary share becomes a claim for a corresponding Merger Sub security, which is then contributed to Holdco in exchange for one Holdco Class A Share. Why it matters: A Qell holder ends up owning a Dutch company: Lilium B.V. is converted into a Dutch public limited liability company before closing and becomes the ultimate parent of Lilium, and the Cayman Merger Sub commences winding up immediately after the merger and distributes its assets to Holdco. The exchange is one Holdco Class A Share per Qell ordinary share, so the conversion itself does not dilute. Four proposals are put: the business combination as an ordinary resolution, the Plan of Merger as a special resolution, an incentive plan and an employee share purchase plan.
- What changed vs 2020-11-13going concern APPEARED
going-concern doubt, trust account, redeemable shares1 moved · 2 with no prior record of ours
- Going-concern doubt
- not statedstated
- Trust account
- not previously extracted$379.6M
- Redeemable shares
- not previously extracted32.6M
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“from the outcome of this uncertainty. See further discussion in Note 5. Going Concern The liquidity condition raises substantial doubt about the Company’s ability to continue as a going concern through October 2, 2022, the”…
The clause …“related party 22,043 - Total current assets 1,506,980 2,538,901 Investments held in Trust Account 379,642,480 379,579,492 Total Assets $ 381,149,460 $ 382,118,393 Liabilities and Shareholders' Equity Current liabilities: Accounts”…
The clause …“authorized; 5,378,139 and 7,737,284 shares issued and outstanding (excluding 32,571,861 and 30,212,716 shares subject to possible redemption) as of March 31, 2021 and December 31, 2020, respectively 538 774 Class B ordinary shares,”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.