RedBall Acquisition Corp.
RBAC · NYSE
NO ACTION REQUIRED
Nothing left to do
The cash went back to shareholders and the company wound up. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
In plain terms
- What it is
- A SPAC, listed on NYSE in August 2020.
- What it's doing now
- It never completed a purchase. The company wound up and the cash in the account went back to shareholders — the ordinary ending when a SPAC runs out of time. No agreed deal for it is on file with us, so we cannot say whether one was ever announced and later fell through.
- What you should know
- This SPAC has finished. The cash was paid back to shareholders and the company wound up, so there is nothing left to claim — the money went where the charter said it would.
At a glance
- Where it stands
- Liquidated
- Deal
- none — it wound up and returned the cash instead
- Industry
- no filing we hold states a sector this SPAC restricted its search to
- Deal value
- no deal to value — it wound up instead
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 13 August 2020
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 667 MADISON AVENUE, NEW YORK, NY, 10065
- registered in the Cayman Islands
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- GLAZER PAUL J · Cardinale Gerald J. (Director) · Thaler Richard H. (Director)
- Listed securities
- RBAC common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 13 August 2020IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsRBAC is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
RedBall Acquisition Corp. was a blank-check company whose common stock traded on the New York Stock Exchange under the ticker RBAC. The company priced its initial public offering on August 13, 2020, under SEC file number 333-240138, with shares registered for cash in S-1 0001193125-20-200354 and the pricing prospectus filed as 424B4 0001193125-20-219274. The registrant self-described itself as a blank-check company in that prospectus and was classified under SEC SIC industry code 7990, Services-Miscellaneous Amusement & Recreation. On August 1, 2022, the company filed an 8-K (accession 0001193125-22-207273) announcing that it would redeem all outstanding public shares effective as of the close of business on August 17, 2022, because it would not consummate an initial business combination on or prior to that date. The company's SEC CIK is 0001815184.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
The registered ceiling is 263,718,334 shares plus 28,733,334 redeemable warrants — one of the largest share registrations in this slice. The warrants are redeemable, meaning the company can call them under conditions in the warrant agreement. The two-step merger ending in an LLC survivor is the standard route to a particular tax treatment, and the domestication moves the surviving company to Delaware law before either merger. No vote date is stated in this portion.
The registered ceiling of 263,718,334 shares plus 28,733,334 redeemable warrants is identical to the following amendment, so it was fixed at this stage. The warrants are redeemable, so the company can call them under conditions in the warrant agreement. The two-step merger ending in an LLC survivor is the standard route to a particular tax treatment. No vote date is stated in this portion.
The capital structure reconciles three ways: 2,404,890 + 55,095,110 = 57,500,000 Class A, founder shares are exactly a quarter of that at 14,375,000, and deferred underwriting of $20,125,000 is $0.35 x 57,500,000. Net loss from 10 June 2020 inception was approximately $1,047,000 against roughly $283,000 of trust investment income. The completion deadline is stated only as a duration - 'within 24 months of the closing of the initial public offering' - and no date was inferred from it. Trust is quoted as of 31 December 2020 and written to no column.
This is the filing that establishes the shell: the size of the public float, the warrant coverage (one-third per unit at $11.50) and the amount actually deposited in trust. The filing states $563,500,000 of IPO proceeds funded the trust and that figure includes $20,125,000 of underwriters' deferred discount, which is payable out of the trust at a business combination rather than to holders.
A large 2020 IPO fully exercised at the over-allotment, with $14,350,000 of at-risk sponsor capital priced at $1.50 per warrant rather than the $1.00 common earlier in the year. Warrant coverage to the public is one third per unit, a lighter dilution overhang. The private placement warrants keep their non-redeemable, cashless-exercise and registration-rights advantages only while held by the sponsor group, and are locked up until 30 days after an initial business combination. The report states no trust figure in the text read.
Two RedBird affiliates have signed forward purchase agreements for $100 million of Class A shares that arrive only at the combination - committed capital that is not in the trust and does not support the redemption price. The $0.01 call needs the CLOSING price at or above $18.00 for 20 of 30 trading days ending three trading days before notice, and that $18.00 resets to 180% of the higher of Market Value and Newly Issued Price after a qualifying issuance. Amending the public warrants adversely takes 50% of them.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
- What changed vs 2022-05-13trust $575.5M → $576.2M +0%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $575.5M$576.2M
- Combination deadline
- 2022-08-17 · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus on businesses in the sports, me… · unchanged
- Redeemable shares
- 57.5Mnot matched in this filing
SpacBrain reads this as $626,705 was added to the trust between the two filings.
The clause …“85,393 111,642 Total current assets 323,533 570,030 Cash and investments held in Trust Account 576,162,659 575,487,805 Total Assets $ 576,486,192 $ 576,057,835 Liabilities, Class A Ordinary Shares Subject to Possible Redemption and”…
The clause …“held in the Trust Account. We will be unable to complete an initial business combination by August 17, 2022 and so we will liquidate and subsequently dissolve in accordance with the provisions of our amended and restated”…
The clause …“condition and mandatory liquidation and subsequent dissolution raises substantial doubt about the Company’s ability to continue as a going concern. The Sponsor continues to have cash on hand that could be available for loans to”…
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.
Show the other 10 filings
- What changed vs 2021-11-09trust $575.5M → $575.5M +0%
trust account, combination deadline, redeemable shares +21 moved · 4 with no prior record of ours
- Trust account
- $575.5M$575.5M
- Combination deadline
- not previously extracted2022-08-17
- Redeemable shares
- not previously extracted57.5M
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus on businesses in the sports, me… · unchanged
SpacBrain reads this as $78,319 was added to the trust between the two filings.
The clause …“77,268 111,642 Total current assets 315,408 570,030 Cash and Investments held in Trust Account 575,535,954 575,487,805 Total Assets $ 575,851,362 $ 576,057,835 Liabilities, Class A Ordinary Shares Subject to Possible Redemption and”…
The clause …“continue as a going concern. Our management intends to complete the proposed Business Combination with SeatGeek prior to August 17, 2022. Our Sponsor continues to have cash on hand that could be available for loans to us, but our”…
The clause “290 Commitments and Contingencies Class A ordinary shares, par value $ 0.0001 ; 57,500,000 shares subject to possible redemption at $ 10.00 value as of March 31, 2022 and December 31, 2021 575,000,000 575,000,000 Shareholders’ Deficit”…
The clause …“a business combination not occur, and potential subsequent dissolution raises substantial doubt about the Company’s ability to continue as a going concern. 1 Specific dates are current estimates and are subject to update to reflect”…
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: RedBall Acquisition Corp. filed Amendment No. 5 to its Form S-4 (File No. 333-260610). Why it matters: No deal term moved in this filing and the document says so: everything but the exhibits is unchanged and omitted, so nothing here alters consideration, timing or conditions. What the exhibit index does establish is the agreement chain — signed October 13, 2021 and amended twice, most recently March 28, 2022 — each amendment attached as its own annex rather than folded into a restated document, so the operative terms are the three read together.
What changed: RedBall Acquisition Corp. ('RedBall', a Cayman Islands exempted company) filed Amendment No. 4 to its Form S-4, subject to completion dated May 3, 2022. No explanatory note names the change. It registers 263,718,334 shares of common stock and 28,733,334 REDEEMABLE WARRANTS of RedBall after its domestication as a Delaware corporation, the continuing entity to be renamed SEATGEEK, INC. The meeting is an EXTRAORDINARY GENERAL MEETING IN LIEU OF THE ANNUAL GENERAL MEETING. Why it matters: The registered ceiling is 263,718,334 shares plus 28,733,334 redeemable warrants — one of the largest share registrations in this slice. The warrants are redeemable, meaning the company can call them under conditions in the warrant agreement. The two-step merger ending in an LLC survivor is the standard route to a particular tax treatment, and the domestication moves the surviving company to Delaware law before either merger. No vote date is stated in this portion.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
No sponsor entity is named in the filings parsed for this SPAC so far.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1284 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
Unit: U = S + W/3 · 100.0% of the $10 unit
from 424B3 0001193125-22-146371
Trading & liquidity
Company profile
Directors & officers
- GLAZER PAUL J10% owner
- Cardinale Gerald J.Director
- Thaler Richard H.Director
- WOLFF LEWISDirector
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
5 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- RedBall SponsorCo LPwith 12 other reporting persons on the same schedule19.8% · SC 13GFeb 11, 2021 stale
- D. E. SHAW & CO, L.P.with 1 other reporting person on the same schedule5.8% · SC 13G/AFeb 14, 2022 stale
- INTEGRATED CORE STRATEGIES (US) LLCwith 6 other reporting persons on the same schedule5.6% · SC 13G/AFeb 7, 2022 stale
- D1 Capital Partners L.P.with 1 other reporting person on the same schedule0.0% · SC 13G/AFeb 14, 2022 stale
- BAUPOST GROUP LLC/MAwith 2 other reporting persons on the same schedule0.0% · SC 13G/AFeb 11, 2022 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
39 full SEC filing texts archived — searchable, never lost.
- Vault note — RBAC (RedBall Acquisition Corp.)
vault-note · /vault/tickers/RBAC
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
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.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
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.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
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.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail1 internal entry
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 7990 (Services-Miscellaneous Amusement & Recreation). The screen found it by filing SHAPE instead — S-1 2020-07-28 → 8-A12B 2020-08-11 → 424B4 2020-08-13 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 7990 + self-described blank check in 424B4 0001193125-20-219274; 424B 0001193125-20-219274 priced 2020-08-13 under S-1 0001193125-20-200354 (file 333-240138, an offering for cash); common ticker RBAC off 8-K 0001193125-22-207273 (2022-08-01); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-240138, which belongs to S-1 0001193125-20-200354 (2020-07-28) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2020-08-13). Ending PROVEN, not inferred: LIQUIDATED per 8-K 0001193125-22-207273 (2022-08-01) — announced redemption of all public shares: “…will redeem all of its outstanding ordinary shares that were included in the units issued in its initial public offering (the "public shares"), effective as of the close of business on August 17, 2022, as the Company will not consummate an initial business combination on or prior to August 17, 2022. We have furnished h…”. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.