SEAH SEC filings, in plain English
Everything Sports Entertainment Acquisition Corp. has filed with the SEC that we hold — 40 filings, newest first, 3 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: Sports Entertainment Acquisition Corp.'s definitive merger proxy statement/prospectus for the business combination with Super Group (SGHC) Limited, dated January 13, 2022 and first mailed to SEAC stockholders on or about the same day. The special meeting is set for January 26, 2022. No fee is paid on this schedule: $615,051.25 was paid by Super Group (SGHC) Limited on Form F-4, Reg. No. 333-259395, filed September 9, 2021. Why it matters: SEAC has 56,250,000 shares of common stock outstanding, so 28,125,001 shares are needed for a quorum — the document gives that count rather than a percentage. The trust stood at approximately $450,133,793.82, or $10.00 per public share, as of January 11, 2022, two days before the proxy is dated. The exchange ratio is defined as the Aggregate Stock Consideration divided by ten, then divided by the shares held by all pre-closing holders; the divisor is written as a bare ten, not as a dollar price.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- no earlier filing2021-12-31
SpacBrain reads this as the agreement may be terminated from 2021-12-31.
The clause …“if the consummation of the Business Combination has not occurred on or before December 31, 2021 (the Outside Date); provided, however , that the right to terminate the Business Combination Agreement pursuant the foregoing sentence”…
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 2021-08-16trust $450.1M → $450.1M +0%
trust account, combination deadline, redeemable shares1 moved · 2 with no prior record of ours
- Trust account
- $450.1M$450.1M
- Combination deadline
- 2022-10-06 · unchanged
- Redeemable shares
- 35.3Mnot matched in this filing
SpacBrain reads this as $5,792 was added to the trust between the two filings.
The clause …“expenses 158,486 290,394 Total Current Assets 208,047 1,378,270 Investments held in Trust Account 450,122,927 450,067,699 Total Assets $ 450,330,974 $ 451,445,969 LIABILITIES AND STOCKHOLDERS’ DEFICIT Current liabilities Accrued”…
The clause …“in conjunction with any such amendment. If the Company has not completed a Business Combination by October 6, 2022, or such later date as a result of a stockholder vote to amend the Amended and Restated Certificate of Incorporation”…
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 2021-06-25trust $450.1M → $450.1M +0%shares 39.0M → 35.3M -10%
trust account, redeemable shares, combination deadline +12 moved · 2 with no prior record of ours
- Trust account
- $450.1M$450.1M
- Redeemable shares
- 39.0M35.3M
- Combination deadline
- 2022-10-06 · unchanged
- Sponsor loans outstanding
- $125Knot matched in this filing
SpacBrain reads this as $16,171 was added to the trust between the two filings.
The clause …“expenses 200,361 290,394 Total Current Assets 470,653 1,378,270 Investments held in Trust Account 450,117,135 450,067,699 Total Assets $ 450,587,788 $ 451,445,969 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities Accrued”…
SpacBrain reads this as 3,712,263 shares are no longer redeemable.
The clause …“authorized; 9,714,514 and 6,465,462 shares issued and outstanding (excluding 35,285,486 and 38,534,538 shares subject to possible redemption) as of June 30, 2021 and December 31, 2020, respectively 971 647 Class B common stock, $”…
The clause …“in conjunction with any such amendment. If the Company has not completed a Business Combination by October 6, 2022, or such later date as a result of a stockholder vote to amend the Amended and Restated Certificate of Incorporation”…
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.
trust account, redeemable shares, combination deadline +1nothing moved · 4 with no prior record of ours
- Trust account
- not previously extracted$450.1M
- Redeemable shares
- not previously extracted39.0M
- Combination deadline
- 2022-10-06 · unchanged
- Sponsor loans outstanding
- $125K · unchanged
The clause “290,394 Total Current Assets 1,049,062 1,378,270 Cash and marketable securities held in Trust Account 450,100,964 450,067,699 Total Assets $ 451,150,026 $ 451,445,969 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities Accrued”…
The clause …“authorized; 6,002,251 and 6,465,462 shares issued and outstanding (excluding 38,997,749 and 38,534,538 shares subject to possible redemption) as of March 31, 2021 and December 31, 2020, respectively 600 647 Class B common stock,”…
The clause …“in conjunction with any such amendment. If the Company has not completed a Business Combination by October 6, 2022, or such later date as a result of a stockholder vote to amend the Amended and Restated Certificate of Incorporation”…
The clause …“March 31, 2021 and (ii) the consummation of the Initial Public Offering. The outstanding balance under the Promissory Note of $125,000 was repaid subsequent to the closing of the Initial Public Offering. Administrative Services”…
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: FY2020 10-K for Sports Entertainment Acquisition Corp., a Delaware blank-check formed 30 July 2020 with no target. The 6 October 2020 IPO of 40,000,000 units at $10.00 put $400,000,000 in trust; the over-allotment closing on 15 October 2020 added 5,000,000 units and $50,000,000. At 31 December 2020 cash and marketable securities held in trust were $450,067,699 - the $450,000,000 deposited plus $67,699 of interest, to the dollar. Balance sheet: 43,057,038 Class A subject to redemption at $430,570,380, 1,942,962 non-redeemable Class A, 11,250,000 Class B, deferred underwriting $15,750,000. Why it matters: Everything reconciles: 1,942,962 + 43,057,038 = 45,000,000 Class A, matching the 45,000,000 on the cover as of 15 March 2021; founder shares are exactly a quarter of that; deferred underwriting is $0.35 a unit; and the net loss of $136,110 is operating costs $203,809 less trust interest $67,699. Equity of $5,000,006 is the net-tangible-assets plug, normal for a pre-2021 balance sheet. The stated deadline is 6 October 2022, extendable by stockholder charter amendment; it was recorded as stated and written to no column, as was the dated trust figure.
What changed: First 10-Q of a company incorporated July 30, 2020: cash of $12,805 at September 30, 2020 and a net loss of $1,000 of formation costs, funded by the Sponsor's purchase of Class B common stock and sponsor loans. There is no trust account in the period; the IPO closed October 6, 2020, after the period end. Why it matters: The seventh pre-IPO stub 10-Q this lane has read - three of them from the single week of November 12-13, 2020. In the 2020 SPAC cohort this is a routine filing shape, not an anomaly, and any sweep that reads a 10-Q as evidence of a funded trust will misread a large minority of the tier. Nothing was written to any trust, price or status field.
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.