SBII SEC filings, in plain English
Everything Sandbridge X2 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.
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- What changed vs 2022-08-10trust $238.5M → $239.6M +0%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $238.5M$239.6M
- Combination deadline
- 2023-03-12 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $500K · unchanged
- Redeemable shares
- 23.8M · unchanged
SpacBrain reads this as $1,075,085 was added to the trust between the two filings.
The clause …“assets 254,004 412,294 Total Current Assets 410,648 1,000,048 Investments held in Trust Account 239,609,223 238,188,617 Total Assets $ 240,019,871 $ 239,188,665 LIABILITIES AND STOCKHOLDERS’ DEFICIT Current Liabilities Accrued”…
The clause …“there can be no assurance that the Company will be able to consummate any business combination by March 12, 2023. These unaudited condensed financial statements do not include any adjustments relating to the recovery of the recorded”…
The clause …“the purpose of liquidating. In connection with the Company’s assessment of going concern considerations in accordance with Accounting Standards Codification (“ASC”) 205-40, “Going Concern,” as of September 30, 2022, management has”…
The clause …“funds available to it outside of its Trust Account. As of September 30, 2022 $ 500,000 was outstanding under the Working Capital Loan. NOTE 5. COMMITMENTS AND CONTINGENCIES Risks and Uncertainties Management continues to evaluate the”…
The clause …“A common stock, $ 0.0001 par value; 100,000,000 shares authorized; (excluding 23,817,701 shares subject to possible redemption) as of September 30, 2022 and December 31, 2021 — — Class B common stock, $ 0.0001 par value; 10,000,000”…
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: Sandbridge X2 Corp set a special meeting for November 29, 2022 at 10:00 am Eastern at the offices of Ropes & Gray to amend its charter and move the termination date forward from March 12, 2023 to December 15, 2022, or an earlier date the board determines in its sole discretion. A post-amendment share redemption must complete by the earlier of ten business days after that date and December 30, 2022, at the trust amount including interest not released for franchise and income taxes, less up to $100,000 for dissolution expenses. Why it matters: The hard December 30, 2022 backstop is designed so every redemption completes before the 1% excise tax on repurchases applies from January 1, 2023, preserving roughly one percent of the payout. Allowing voluntary redemption even by holders voting in favour removes the usual tension between supporting the wind-up and exiting. The board retains discretion to move the date earlier, so holders should watch for the announcement fixing it. The outcome is a full cash return at deposited value with no deal exposure.
- What changed vs 2022-05-13trust $238.2M → $238.5M +0%
trust account, sponsor loans outstanding, combination deadline +21 moved · 4 with no prior record of ours
- Trust account
- $238.2M$238.5M
- Sponsor loans outstanding
- not previously extracted$500K
- Combination deadline
- 2023-03-12 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 23.8M · unchanged
SpacBrain reads this as $343,555 was added to the trust between the two filings.
The clause …“assets 405,800 412,294 Total Current Assets 708,905 1,000,048 Investments held in Trust account 238,534,138 238,188,617 Total Assets $ 239,243,043 $ 239,188,665 LIABILITIES AND STOCKHOLDERS’ DEFICIT Current Liabilities Accrued”…
The clause …“has funds available to it outside of its Trust Account. As of June 30, 2022, $500,000 was outstanding under the Working Capital Loan. We may raise additional capital through loans or additional investments from the Sponsor or Sponsor’s”…
The clause …“there can be no assurance that the Company will be able to consummate any business combination by March 12, 2023. These unaudited condensed financial statements do not include any adjustments relating to the recovery of the recorded”…
The clause …“the purpose of liquidating. In connection with the Company’s assessment of going concern considerations in accordance with Accounting Standards Codification (“ASC”) 205-40, “Going Concern,” as of June 30, 2022, management has”…
The clause …“A common stock, $ 0.0001 par value; 100,000,000 shares authorized (excluding 23,817,701 shares subject to possible redemption) as of June 30, 2022 and December 31, 2021 — — Class B common stock, $ 0.0001 par value; 10,000,000 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.
- What changed vs 2021-11-08trust $238.2M → $238.2M +0%going concern APPEARED
trust account, going-concern doubt, combination deadline +12 moved · 2 with no prior record of ours
- Trust account
- $238.2M$238.2M
- Going-concern doubt
- not statedstated
- Combination deadline
- 2023-03-12 · unchanged
- Redeemable shares
- 23.8M · unchanged
SpacBrain reads this as $6,998 was added to the trust between the two filings.
The clause …“assets 485,938 412,294 Total Current Assets 657,843 1,000,048 Investments held in Trust account 238,190,583 238,188,617 Total Assets $ 238,848,426 $ 239,188,665 LIABILITIES AND STOCKHOLDERS’ DEFICIT Current Liabilities Accrued”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“the purpose of liquidating. In connection with the Company’s assessment of going concern considerations in accordance with Accounting Standards Codification (“ASC”) 205-40 “Going Concern,” as of March 31, 2022, management has”…
The clause …“there can be no assurance that the Company will be able to consummate any business combination by March 12, 2023. These unaudited condensed financial statements do not include any adjustments relating to the recovery of the recorded”…
The clause …“A common stock, $ 0.0001 par value; 100,000,000 shares authorized (excluding 23,817,701 shares subject to possible redemption) March 31, 2022 and December 31, 2021 — — Class B common stock, $ 0.0001 par value; 10,000,000 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.
- What changed vs 2021-08-13trust $238.2M → $238.2M +0%shares 21.3M → 23.8M +12%
trust account, redeemable shares, combination deadline2 moved · 1 with no prior record of ours
- Trust account
- $238.2M$238.2M
- Redeemable shares
- 21.3M23.8M
- Combination deadline
- 2023-03-12 · unchanged
SpacBrain reads this as $3,065 was added to the trust between the two filings.
The clause …“$ 703,604 Prepaid expenses 499,496 Total Current Assets 1,203,100 Investments held in Trust Account 238,183,585 TOTAL ASSETS $ 239,386,685 LIABILITIES AND STOCKHOLDERS’ DEFICIT Liabilities: Current liabilities Accrued expenses $”…
SpacBrain reads this as 2,508,047 more shares carry a redemption right.
The clause …“A common stock, $ 0.0001 par value; 100,000,000 shares authorized (excluding 23,817,701 shares subject to possible redemption) — Class B common stock, $ 0.0001 par value; 10,000,000 shares authorized; 5,954,425 shares issued and”…
The clause …“their Public Shares in conjunction with any such amendment. The Company will have until March 12, 2023, or such later date as a result of stockholder vote to amend the Amended and Restated Certificate of Incorporation, to complete a”…
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 vs 2021-06-22trust $238.2M → $238.2M +0%shares 21.8M → 21.3M -2%
trust account, redeemable shares, combination deadline2 moved · 1 with no prior record of ours
- Trust account
- $238.2M$238.2M
- Redeemable shares
- 21.8M21.3M
- Combination deadline
- 2023-03-12 · unchanged
SpacBrain reads this as $3,047 was added to the trust between the two filings.
The clause …“586,699 Total Current Assets 1,417,325 Cash and marketable securities held in Trust Account 238,180,520 TOTAL ASSETS $ 239,597,845 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities: Current liabilities Accrued expenses $ 92,223”…
SpacBrain reads this as 506,959 shares are no longer redeemable.
The clause “0,000,000 shares authorized; 2,508,047 shares issued and outstanding (excluding 21,309,654 shares subject to possible redemption) 252 Class B common stock, $ 0.0001 par value; 10,000,000 shares authorized; 5,954,425 shares issued and”…
The clause …“their Public Shares in conjunction with any such amendment. The Company will have until March 12, 2023, or such later date as a result of stockholder vote to amend the Amended and Restated Certificate of Incorporation, to complete a”…
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.