SDAC SEC filings, in plain English
Everything Sustainable Development Acquisition I 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 2022-11-14trust $318.0M → $320.7M +1%deadline 2023-02-09 → 2023-08-12shares 31.6M → 2.18M -93%
trust account, combination deadline, redeemable shares +13 moved · 1 with no prior record of ours
- Trust account
- $318.0M$320.7M
- Combination deadline
- 2023-02-092023-08-12
- Redeemable shares
- 31.6M2.18M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $2,669,304 was added to the trust between the two filings.
The clause “Significant Other Unobservable Inputs (Level 3) Assets: U.S. Money Market Funds held in Trust Account $ 320,678,313 $ 320,678,313 $ — $ — Liabilities: Public Warrants Liability $ 632,500 $ 632,500 $ — $ — Private Placement Warrants”…
SpacBrain reads this as 184 days later than the previous record.
The clause …“of the Trust Account as described below. If we have not completed a Business Combination by August 12, 2023, we will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but”…
SpacBrain reads this as 29,446,012 shares are no longer redeemable.
The clause “3 and December 31, 2022, there were no shares issued and outstanding, excluding 2,178,988 and 31,625,000 shares subject to possible redemption, respectively. In connection with the votes to approve the Extension Amendment, 29,446,012”…
The clause …“accordance with FASB ASC Topic 205-40, “Presentation of Financial Statements—Going Concern,” management has determined that the liquidity condition due to insufficient working capital and mandatory liquidation, should an initial”…
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 2022-04-22trust $316.3M → $320.7M +1%deadline 2023-02-09 → 2023-08-12
trust account, combination deadline, going-concern doubt +22 moved · 3 with no prior record of ours
- Trust account
- $316.3M$320.7M
- Combination deadline
- 2023-02-092023-08-12
- Going-concern doubt
- stated · unchanged
- Mandate language
- We intend to pursue opportunities with such a business and e… · unchanged
- Redeemable shares
- 31.6M · unchanged
SpacBrain reads this as $4,405,197 was added to the trust between the two filings.
The clause …“was approximately $318.8 million. At December 31, 2022, we had cash held in the Trust Account of $320,678,313. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing”…
SpacBrain reads this as 184 days later than the previous record.
The clause …“Notes as of December 31, 2022. If the Company does not consummate an initial business combination by August 12, 2023, there will be a mandatory liquidation and subsequent dissolution of the Company. In connection with the Company’s”…
The clause …“business combination not occur, and potential subsequent dissolution raises substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities”…
The clause …“31, 2022 and 2021, there were no shares issued and outstanding, excluding 31,625,000 shares subject to possible redemption. Class B Common stock - The Company is authorized to issue a total of 10,000,000 shares of Class B common”…
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: Sustainable Development Acquisition I Corp. called a special meeting for February 1, 2023 at 12 p.m. Eastern Time to extend the business combination deadline. Based on the current trust balance the Company anticipates a redemption price of approximately $10.15 per share, against a Class A closing price of $10.06 on December 30, 2022. Shares must be tendered to the transfer agent at least two business days before the meeting, by January 30, 2023. A failure to vote counts the same as voting against the Extension Amendment Proposal, as does an abstention. The IPO closed February 4, 2021. Why it matters: Redeeming at roughly $10.15 was worth nine cents more than selling at $10.06 and carried settlement certainty the thin market did not. Because non-votes and abstentions count as votes against, a low-turnout meeting can fail and force liquidation — which also returns trust cash, so the downside for a holder is limited either way. SDAC ultimately liquidated, confirming that the trust claim was the realizable value.
- What changed vs 2022-08-23trust $316.6M → $318.0M +0%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $316.6M$318.0M
- Combination deadline
- 2023-02-09 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 31.6M · unchanged
SpacBrain reads this as $1,390,879 was added to the trust between the two filings.
The clause “1,591,343 Prepaid expenses – non-current portion - 54,418 Marketable securities held in Trust Account 318,009,009 316,273,116 Total Assets $ 318,289,794 $ 317,918,877 Liabilities, Common Stock Subject to Redemption, and Stockholders’”…
The clause …“than the Convertible Note. If the Company does not consummate an initial business combination by February 9, 2023, there will be a mandatory liquidation and subsequent dissolution of the Company. In connection with the Company’s”…
The clause …“with FASB ASC Topic 205 - 40, “Presentation of Financial Statements - Going Concern,” management has determined that the liquidity condition due to insufficient working capital and mandatory liquidation, should an initial”…
The clause “2 and December 31, 2021, there were no shares issued and outstanding, excluding 31,625,000 shares subject to possible redemption. Class B Common stock - The Company is authorized to issue a total of 10,000,000 shares of Class B common”…
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 2022-05-24trust $316.3M → $316.6M +0%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $316.3M$316.6M
- Combination deadline
- 2023-02-09 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 31.6M · unchanged
SpacBrain reads this as $315,415 was added to the trust between the two filings.
The clause “1,591,343 Prepaid expenses – non-current portion - 54,418 Marketable securities held in Trust Account 316,618,130 316,273,116 Total Assets $ 317,221,590 $ 317,918,877 Liabilities, Common Stock Subject to Redemption, and Stockholders’”…
The clause …“under any working capital loan. If the Company does not consummate an initial business combination by February 9, 2023, there will be a mandatory liquidation and subsequent dissolution of the Company. In connection with the Company’s”…
The clause …“with FASB ASC Topic 205 - 40, “Presentation of Financial Statements - Going Concern,” management has determined that the liquidity condition due to insufficient working capital and mandatory liquidation, should an initial”…
The clause “2 and December 31, 2021, there were no shares issued and outstanding, excluding 31,625,000 shares subject to possible redemption. 14 Table of Contents Class B Common stock - The Company is authorized to issue a total of 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 2021-11-30trust $316.3M → $316.3M +0%going concern APPEARED
trust account, going-concern doubt, combination deadline +12 moved · 2 with no prior record of ours
- Trust account
- $316.3M$316.3M
- Going-concern doubt
- not statedstated
- Combination deadline
- not previously extracted2023-02-09
- Redeemable shares
- 31.6M · unchanged
SpacBrain reads this as $37,459 was added to the trust between the two filings.
The clause …“Inputs 2022 (Level 1) (Level 2) (Level 3) Assets: U.S. Money Market held in Trust Account $ 316,302,715 $ 316,302,715 $ - $ - Liabilities: Public Warrants Liability $ 4,735,844 $ 4,735,844 $ - $ - Private Placement Warrants”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“with FASB ASC Topic 205 - 40, “Presentation of Financial Statements - Going Concern,” management has determined that the liquidity condition due to insufficient working capital and mandatory liquidation, should an initial”…
The clause …“under any working capital loan. If the Company does not consummate an initial business combination by February 9, 2023, there will be a mandatory liquidation and subsequent dissolution of the Company. In connection with the Company’s”…
The clause “2 and December 31, 2021, there were no shares issued and outstanding, excluding 31,625,000 shares subject to possible redemption. 14 Table of Contents Class B Common stock - The Company is authorized to issue a total of 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 2021-08-20trust $316.3M → $316.3M +0%shares 27.7M → 31.6M +14%
trust account, redeemable shares2 moved
- Trust account
- $316.3M$316.3M
- Redeemable shares
- 27.7M31.6M
SpacBrain reads this as $6,499 was added to the trust between the two filings.
The clause …“portion 197,459 - Deferred offering costs - 282,038 Cash and securities held in Trust Account 316,265,256 - Total Assets $ 318,336,399 $ 282,038 Liabilities and Stockholders’ Equity Accrued offering costs and expenses $ 173,450 $”…
SpacBrain reads this as 3,923,209 more shares carry a redemption right.
The clause “1 and December 31, 2020, there were no shares issued and outstanding, excluding 31,625,000 and 0 shares subject to possible redemption, respectively. Class B Common stock - The Company is authorized to issue a total of 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 2021-05-25trust $316.3M → $316.3M +0%
trust account, redeemable shares1 moved · 1 with no prior record of ours
- Trust account
- $316.3M$316.3M
- Redeemable shares
- not previously extracted27.7M
SpacBrain reads this as $7,197 was added to the trust between the two filings.
The clause …“assets 2,214,618 - Deferred offering costs - 282,038 Cash and securities held in Trust Account 316,258,757 - Total Assets $ 318,473,375 $ 282,038 Liabilities and Stockholders’ Equity Accrued offering costs and expenses $ 115,000 $”…
The clause …“31, 2020, there were 3,923,209 and 0 shares issued and outstanding, excluding 27,701,791 and 0 shares subject to possible redemption, respectively. Class B Common stock - The Company is authorized to issue a total of 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.
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.