SAII SEC filings, in plain English
Everything Software Acquisition Group Inc. II has filed with the SEC that we hold — 40 filings, newest first, 2 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.
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- What changed vs 2021-05-25trust $172.5M → $172.5M +0%shares 14.0M → 13.9M -1%
trust account, redeemable shares, combination deadline +12 moved · 2 with no prior record of ours
- Trust account
- $172.5M$172.5M
- Redeemable shares
- 14.0M13.9M
- Combination deadline
- 2022-03-17 · unchanged
- Sponsor loans outstanding
- $161K · unchanged
SpacBrain reads this as $2,622 was added to the trust between the two filings.
The clause …“133,722 184,279 Total Current Assets 288,778 1,187,747 Marketable securities held in Trust Account 172,508,217 172,503,002 TOTAL ASSETS $ 172,796,995 $ 173,690,749 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities—accounts”…
SpacBrain reads this as 130,716 shares are no longer redeemable.
The clause …“authorized; 3,376,559 and 3,245,843 shares issued and outstanding (excluding 13,873,441 and 14,360,058 shares subject to possible redemption) as of June 30, 2021 and December 31, 2020, respectively 338 289 Class B common stock, $”…
The clause “IAL STATEMENTS JUNE 30, 2021 (Unaudited) If the Company is unable to complete a Business Combination by March 17, 2022 (the “Combination Period”), the Company will (i) cease all operations except for the purpose of winding up, (ii) as”…
The clause …“of the Initial Public Offering. As of September 17, 2020, there was $ 161,337 outstanding under the Promissory Note, which was subsequently repaid on September 22, 2020. Borrowings under the Promissory Note are no longer”…
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: Software Acquisition Group Inc. II issued definitive merger materials, a combined proxy statement and prospectus, on the business combination agreement dated January 31, 2021 with Otonomo Technologies Ltd., an Israeli company, and Butterbur Merger Sub Inc. Merger Sub merges into SWAG, which survives as a wholly owned subsidiary of Otonomo, and SWAG's securityholders become Otonomo securityholders. The prospectus covers up to 21,572,500 Otonomo ordinary shares, 13,825,000 warrants and the 13,825,000 ordinary shares underlying them. Why it matters: The one-for-one exchange depends on a share split that has not happened yet: Otonomo intends to effect a Stock Split to bring the value of its ordinary shares to $10.00 each before the effective time, and the filing states the consideration will be adjusted if the split is not effected or produces a different price. Two financings run alongside — a $142,500,000 PIPE of 14,250,000 new shares at $10.00, and a $30,000,000 Secondary PIPE of 3,000,000 existing shares at $10.00 whose proceeds go to the Selling Shareholders rather than to Otonomo.
- What changed vs 2020-11-13trust $172.5M → $172.5M +0%shares 16.3M → 14.0M -14%
trust account, redeemable shares, combination deadline +12 moved · 2 with no prior record of ours
- Trust account
- $172.5M$172.5M
- Redeemable shares
- 16.3M14.0M
- Combination deadline
- 2022-03-17 · unchanged
- Sponsor loans outstanding
- $161K · unchanged
SpacBrain reads this as $5,243 was added to the trust between the two filings.
The clause …“187,991 184,279 Total Current Assets 750,221 1,187,747 Marketable securities held in Trust Account 172,505,595 172,503,002 TOTAL ASSETS $ 173,255,816 $ 173,690,749 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities—accounts”…
SpacBrain reads this as 2,270,873 shares are no longer redeemable.
The clause …“authorized; 3,245,843 and 2,889,942 shares issued and outstanding (excluding 14,004,157 and 14,360,058 shares subject to possible redemption) as of March 31, 2021 and December 31, 2020, respectively 325 289 Class B common stock,”…
The clause …“to complete its Business Combination. If the Company is unable to complete a Business Combination by March 17, 2022 (the “Combination Period”), the Company will (i) cease all operations except for the purpose of winding up, (ii) as”…
The clause …“of the Initial Public Offering. As of September 17, 2020, there was $161,337 outstanding under the Promissory Note, which was subsequently repaid on September 22, 2020. Administrative Support Agreement The Company entered into”…
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: First annual report, covering inception on June 16, 2020 through December 31, 2020, after the September 17, 2020 IPO. Marketable securities held in trust were $172,503,002 at December 31, 2020, including only $3,002 of interest. Cash outside trust was $1,003,468 with $184,279 of prepaid expenses, against just $232,918 of accounts payable and accrued expenses plus $6,037,500 of deferred underwriting. 16,242,033 Class A shares were redeemable at $162,420,330 and the cover shows 17,250,000 Class A and 4,312,500 Class B outstanding. Net loss was $402,103. Why it matters: Financially this is one of the cleaner 2020 shells: roughly $950,000 of positive working capital, no sponsor debt drawn and a deadline not until March 17, 2022. A business combination agreement with Otonomo is disclosed, under which each Class A and Class B share becomes one Otonomo ordinary share, and closing requires trust cash after redemptions plus PIPE proceeds of at least $150,000,000. That minimum-cash condition, not the trust balance itself, is the number to watch. Trust equates to $10.00 per public share with negligible accretion.
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.