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Reinvent Technology Partners Z

RTPZ · NYSE · formerly Reinvent Technology Partners B

Trust settledHippo Holdings Inc. · Finished

NO ACTION REQUIRED

Nothing left to do

The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.

Cash at settlement

no closing figure

No cash-per-share figure was filed for this vehicle before it finished.

Last close

no quote on file

Daily close

Nothing left to claim

this vehicle finished

There is nothing to hand back: holders who wanted cash elected it at the vote, and the rest became shares in the buyer.

Read what happened to the cash

The floor

Trust settled

This SPAC has finished — its trust was paid out or used to close the deal, so there is nothing left to redeem

Read the reasoning behind this verdict

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 deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

In plain terms

What it is
A SPAC from Joby Aviation, Inc. / Hippo Holdings Inc. (Cohen David K.), listed on NYSE in November 2020.
What it's doing now
It agreed to buy Hippo Holdings Inc.. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
What you should know
This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.

At a glance

Where it stands
Closed (deSPAC)
The business it bought
Hippo Holdings Inc. — Hippo is protecting the joy of homeownership, helping to safeguard customers’ most important financial asset by harnessing the power of real-time data, smart home technology …
Industry
the deal record does not name the target's industry yet
Deal value
not stated in the filings we hold
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
20 November 2020
size not on file
Headquarters
ONE ALMADEN BLVD, SAN JOSE, CA, 95113
registered in Delaware
Lead underwriter
not extracted from the prospectus yet
Key officers
Ellis Stewart (Director) · Boettcher Laura (Chief Operating Officer) · Ostergaard Torben (CEO Spinnaker)
Listed securities
RTPZ common
Cash held per sharenot filed for this window

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.

Next date that mattersno dated event on file

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.

  1. The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

What has happened, and what is coming

1 dated milestone

Every 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.

  1. 20 November 2020IPOpassed

    IPO size not on file

The deal

terms as filed

What it is buying, on what terms, and how much of the combined company new shares take from you.

  • Hippo Holdings Inc.—
    closed

    What Hippo Holdings Inc. does — read from hippo.com on 26 August 2026

    Hippo is a home insurance platform that offers affordable, tailored quotes in under 60 seconds. It connects homeowners with experts and agents to choose policies from top carriers, providing coverage for homes, auto, flood, rental properties, and pets. The company emphasizes ease of use, ongoing care through its app, and DIY maintenance tips.

    Home InsuranceAuto InsuranceFlood InsurancePet InsuranceLandlord Insurance
    Deal structureSEC-primary — BCA 8-K / S-4 / DEFM14A
    PIPE
    ≈ $550M · unsourced

    PIPE terms — instrument, coupon, conversion price and any reset floor — are not sourced for this deal. The size above is itself unsourced — a stored figure no filing we hold states — so neither the size nor the terms should be read as cited.

    stated in:0001193125-21-093569 opens on sec.gov in a new tab

The score

deterministic, from filed fields

RTPZ 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.

Asymmetric return scoreNeither a price nor a cash-per-share figure is on file for this vehicle, and the score is a ratio between the two. Nothing is estimated to fill the gap.

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.

See the names that are scored, and how

The company

from SEC filings
Read the full profile

Reinvent Technology Partners Z is a blank-check special-purpose acquisition company incorporated in the Cayman Islands that was formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company stated it intended to focus its search for a target operating in the consumer internet, mobile gaming, or broader technology sectors. Its sponsor is Reinvent Sponsor Z LLC, a Cayman Islands limited liability company, and the SPAC was established by Reid Hoffman (co-founder of LinkedIn and a former PayPal executive), Mark Pincus (founder of Zynga), and Michael Thompson, who collectively brought operating expertise from building and scaling iconic technology companies. The company's principal executive offices were listed at 215 Park Avenue, Floor 11, New York, New York 10003, with a later address at One Almaden Blvd, San Jose, California 95113.

Reinvent Technology Partners Z priced its initial public offering on November 20, 2020, raising $200 million through the sale of 20,000,000 units at $10.00 per unit on the New York Stock Exchange under the ticker RTPZ.U, with sole book-running manager Morgan Stanley. Each unit consisted of one Class A ordinary share and one-fifth of one redeemable warrant, with each whole warrant exercisable at $11.50 per share; the underwriters held a 45-day over-allotment option for up to 3,000,000 additional units. The sponsor committed to purchase 4,000,000 private placement warrants at $1.50 per warrant in a concurrent private placement. The prospectus indicated $200.0 million (or $230.0 million if the over-allotment was exercised in full) would be deposited into a U.S.-based trust account at J.P. Morgan Chase Bank, N.A., with Continental Stock Transfer & Trust Company as trustee, yielding a per-unit trust amount of $10.00. The business-combination deadline was 24 months from the closing of the offering, or 27 months if a letter of intent, agreement in principle, or definitive agreement had been executed within the initial 24-month period.

The SPAC completed its business combination with Hippo Holdings Inc., a San Jose, California-based technology-native property insurance group, and the transaction closed on August 5, 2021, as evidenced by an 8-K filing reporting a change in shell company status under Item 5.06. Following the merger, the combined entity's common stock trades on the New York Stock Exchange under the ticker HIPO, and EDGAR records reflect the registrant's current identity as Hippo Holdings Inc.

Material findings

from the full read of every filing

Every 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.

  • S-4/A8 July 20210001193125-21-210870opens on sec.gov in a new tab

    580,950,000 registered shares is the ceiling on issuance and therefore the measure of what a non-redeeming RTPZ holder is diluted by; only 4,600,000 redeemable warrants are registered alongside them. The extraordinary general meeting is put to holders of a Cayman Islands exempted company that will be a Delaware corporation by the time the merger closes, so the domestication and the business combination are approved together rather than separately. At this fourth amendment the document is still marked subject to completion.

  • S-4/A1 July 20210001193125-21-205696opens on sec.gov in a new tab

    Three amendments in, the cover's central figures are still brackets — the prospectus is for [ ] shares of common stock and [ ] redeemable warrants — so nothing in this version tells an RTPZ holder how far they are diluted, and the document remains subject to completion. The structure is unchanged: two sequential mergers after the Domestication, with Hippo Enterprises surviving the first and being absorbed into Hippo Holdings in the second.

  • S-4/A21 June 20210001193125-21-195219opens on sec.gov in a new tab

    Two amendments in, the two numbers that measure dilution are still absent from the cover, so an RTPZ holder cannot size the issuance from this document at all. What is fixed is the mechanics: at the effective time of the Domestication each RTPZ Class A ordinary share of $0.0001 par value converts automatically, on a one-for-one basis, into a share of Hippo Holdings common stock. The structure is a double merger, with Hippo surviving the first and then merging upward into Hippo Holdings itself.

  • S-4/A11 May 20210001193125-21-157630opens on sec.gov in a new tab

    One amendment in, the cover's central figures are still brackets: the prospectus is for [ ] shares of common stock and [ ] redeemable warrants, so nothing in this version tells an RTPZ holder how far they are diluted. What is fixed is the mechanics — each RTPZ Class A ordinary share of $0.0001 par value converts one-for-one into Hippo Holdings common stock at the Domestication, and the transaction runs as two sequential mergers rather than one, with Hippo surviving the first and then being absorbed into Hippo Holdings in the second.

  • S-425 March 20210001193125-21-093569opens on sec.gov in a new tab

    The scale of the dilution sits in the third line, and its pricing conceals it: 940,631,122 shares — 552,200,000 issued in the Mergers plus 55,959,420 Hippo option shares at an exchange ratio of 6.9413 — carry an aggregate offering price of just $3,135.44, because Rule 457(f)(2) prices them at one-third of par value where no market exists for Hippo common stock and Hippo has an accumulated capital deficit. The fee table's $243,688,135.44 total is therefore almost entirely RTPZ's own 23,000,000 public shares.

Filings

live EDGAR feed

Everything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.

Show the other 10 filings
  • 418 August 20260002140365-26-000005opens on sec.gov in a new tab
  • 14417 August 20260001950047-26-008258opens on sec.gov in a new tab
  • 412 August 20260001294172-26-000015opens on sec.gov in a new tab
  • 14410 August 20260001628280-26-055188opens on sec.gov in a new tab
  • 430 July 20260002061058-26-000005opens on sec.gov in a new tab
  • 10-Q30 July 20260001828105-26-000043opens on sec.gov in a new tab

    What changed: Hippo Holdings Inc., the company formed in the Reinvent Technology Partners Z combination, filed its Q2 2026 10-Q. At June 30, 2026 it held $244.5 million of cash, $27.1 million of restricted cash and $498.0 million of available-for-sale fixed income securities and short-term investments, which it believes funds operations for at least twelve months. As an FHLB of New York member it has $58.8 million of secured borrowing capacity with nothing drawn, and it issued a $50.0 million surplus note on June 2, 2025. Shares outstanding rose to 26,384,898 from 25,699,704 against 80,000,000 authorized. Why it matters: Routine quarterly reporting with no trust, redemption or deadline in play, but the liquidity picture is unusually strong for this cohort: roughly $770 million of cash and investments and an undrawn $58.8 million FHLB line, which removes the financing pressure that forces reverse splits and dilutive raises elsewhere in the de-SPAC universe. The $50.0 million surplus note is insurance-specific capital rather than ordinary debt, and share issuance over the half year was modest at about 685,000 shares.

  • 8-K30 July 20260001828105-26-000041opens on sec.gov in a new tab

    What changed: 8-K of Hippo Holdings Inc. Item 2.02 (results of operations and financial condition): on July 30, 2026 the Company issued a press release announcing certain financial results for the quarter ended June 30, 2026 and an investor presentation, furnished as Exhibits 99.1 and 99.2. The report states non-GAAP financial information is referenced in the release, the presentation and the related conference call, with reconciliations to the nearest GAAP equivalents provided in each. The furnished information is not deemed filed under Section 18 or Securities Act Sections 11 and 12(a)(2). Why it matters: Quarterly earnings furnishing; the report states no figure. Its exclusion language is wider than the usual Section 18 formula, expressly reaching Securities Act Sections 11 and 12(a)(2) and any registration statement filed before or after the report.

  • SCHEDULE 13G28 July 20260002012383-26-002592opens on sec.gov in a new tab
  • 14428 July 20260001950047-26-007351opens on sec.gov in a new tab
  • 413 July 20260001294172-26-000014opens on sec.gov in a new tab

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

Cash in trust at IPOnot extracted from the prospectus

from 424B3 0001193125-22-300135

Trading & liquidity

Average daily volume (20d)no volume reported on the bars we hold
Average daily $ volumeneeds both volume and a live price
Range over the bars heldnot enough price history
Total cash in trustthe trust total is not in the last XBRL stamp

Company profile

Industry (SIC)Fire, Marine & Casualty Insurance (6331)
Registered inDelaware
Exchange · CIKNYSE · 0001828105

All filings on EDGARopens on sec.gov in a new tab

FormerlyReinvent Technology Partners B

Directors & officers

Institutional holders

from SC 13G/13D

Funds 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

16 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.

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.

News

company wires and the financial press

Reporting we have matched to this ticker. Headlines belong to the outlets that wrote them.

Show the headlines

Sources on file

harvested pages, kept in full

Every public page we have read about this company, stored in full so a source can never go missing.

Show the sources

34 full SEC filing texts archived — searchable, never lost.

In plain English

tap a term to open it

Every 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 filings
Data provenance & audit trail5 internal entries

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.

RTPZ — company record
UNIVERSE-IPO-INDEX2026-08-17

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 6331 (Fire, Marine & Casualty Insurance). The screen found it by filing SHAPE instead — S-1 2020-11-02 → 8-A12B 2020-11-16 → 424B4 2020-11-20 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 6331 + self-described blank check in 424B4 0001213900-20-038361; 424B 0001213900-20-038361 priced 2020-11-20 under S-1 0001213900-20-034555 (file 333-249799, an offering for cash); common ticker RTPZ off 10-Q 0001193125-21-162340 (2021-05-17); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-249799, which belongs to S-1 0001213900-20-034555 (2020-11-02) — 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 2020-11-20). Ending PROVEN, not inferred: CLOSED per 8-K 0001193125-21-237966 (2021-08-05) — 8-K item 5.06 "Change in Shell Company Status" (EDGAR item index, items: 2.01,3.02,3.03,5.01,5.02,5.03,5.06,8.01,9.01). 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.

SPONSOR-ID2026-08-14

sponsor "Reinvent Sponsor Z LLC" (SEC CIK 0001828104) sourced from Form 3 reportingOwner (10% owner) acc 0001213900-20-038096.

NAME-REPAIR2026-08-31

"Hippo Holdings Inc." is the registrant's CURRENT identity, adopted when the combination closed — EDGAR renames on the closing day, so the rename predates the ending we store and every date-based check cleared it; the vehicle traded as "Reinvent Technology Partners Z" per the COMPANY CONFORMED NAME in 424B4 0001213900-20-038361 filed 2020-11-20. §98

Deal — Hippo Holdings Inc.
UNTAGGED

[CLOSED-RENAME] EDGAR CIK 0001828105 records "Reinvent Technology Partners Z" ending 2021-08-02; the registrant continues as "Hippo Holdings Inc.". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2021-08-02. No deal value is set — a rename says what was acquired, never for how much. No date column is set: Deal has announcedAt, voteDate and expectedCloseAt and nowhere to record an actual close, so the SEC's date is kept here until that column exists. [DEAL-STRUCTURE-MINED] pipeSizeM=550 from primary filings (0001193125-21-093569).

PIPE2026-08-29

pipeBasis set to UNSOURCED: the size came from the research seed / an earlier record and no filing we hold states it — surfaces now label it "unsourced"; an LLM re-read to FILED replaces this when credits allow

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