SEDA SEC filings, in plain English
Everything SDCL EDGE Acquisition 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 2024-05-20trust $144.7M → $147.3M +2%deadline 2024-07-02 → 2024-11-02shares 13.2M → 5.18M -61%
trust account, combination deadline, redeemable shares +23 moved · 2 with no prior record of ours
- Trust account
- $144.7M$147.3M
- Combination deadline
- 2024-07-022024-11-02
- Redeemable shares
- 13.2M5.18M
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $600Knot matched in this filing
SpacBrain reads this as $2,601,465 was added to the trust between the two filings.
The clause …“and Cash Held in Trust Account for Redemptions At June 30, 2024, the assets held in the Trust Account are $ 147,275,981 , and are held in cash within a demand deposit account. Assets held in the Trust Account include $37,942”…
SpacBrain reads this as 123 days later than the previous record.
The clause …“be able to consummate a Business Combination by the specified period. If a Business Combination is not consummated by November 2, 2024, there will be a mandatory liquidation and subsequent dissolution. The Company’s date for”…
SpacBrain reads this as 7,996,024 shares are no longer redeemable.
The clause …“value; 500,000,000 shares authorized; none issued and outstanding (excluding 5,181,909 and 13,177,933 shares subject to possible redemption at June 30, 2024 and December 31, 2023, respectively) - - Class B ordinary shares, $ 0.0001 par”…
The clause …“dissolution of the Company. In connection with the Company’s assessment of going concern considerations in accordance with FASB’s Accounting Standards Update (“ASU”) 2014-15, Disclosures of Uncertainties about an Entity’s Ability to”…
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: SDCL EDGE Acquisition Corp, a Cayman Islands SPAC, called an extraordinary general meeting for June 27, 2024 at 10:00 a.m. Eastern Time at Skadden, Arps' New York offices. The Extension Proposal would let the board extend the deadline up to three further times, one month each on two days' notice, to November 2, 2024, failing which the company winds up and redeems all public Class A ordinary shares, par value $0.0001. The board approved a fourth one-month extension on May 24, 2024, moving the deadline to July 2, 2024. Why it matters: A third of the public money has already left: in connection with the Initial Extension approved October 30, 2023, which moved the deadline from November 2, 2023 to March 2, 2024, holders tendered 6,817,313 Class A ordinary shares — approximately 34.1% of those outstanding — for redemption. The board says there may not be sufficient time before July 2, 2024 to consummate the pending combination, in which PubCo would become parent of Merger Sub, a JV GmbH and the target.
What changed vs 2023-10-04deadline 2024-07-02 → 2024-11-02combination deadline, sponsor loans outstanding1 moved · 1 with no prior record of ours
- Combination deadline
- 2024-07-022024-11-02
- Sponsor loans outstanding
- not previously extracted$900K
SpacBrain reads this as 123 days later than the previous record.
The clause …“Proposal is not approved and the Company does not consummate an initial business combination by November 2, 2024, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably”…
The clause …“of the Business Combination. As of the date hereof, the Company has borrowed $900,000 under the Sponsor Promissory Note, $112,500 under the Seaside Promissory Note and $112,500 under the Capricorn Promissory Note. If the”…
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 2023-11-14trust $212.0M → $144.7M -32%shares 20.0M → 13.2M -34%
trust account, redeemable shares, sponsor loans outstanding +22 moved · 3 with no prior record of ours
- Trust account
- $212.0M$144.7M
- Redeemable shares
- 20.0M13.2M
- Sponsor loans outstanding
- not previously extracted$600K
- Combination deadline
- 2024-07-02 · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $67,372,131 left the trust between the two filings.
The clause “64,721 Prepaid expenses 98,359 94,299 Total current assets 123,595 459,020 Cash held in Trust Account 144,674,516 142,069,535 TOTAL ASSETS $ 144,798,111 $ 142,528,555 LIABILITIES AND SHAREHOLDERS’ DEFICIT Current liabilities: Accounts”…
SpacBrain reads this as 6,817,313 shares are no longer redeemable.
The clause …“value; 500,000,000 shares authorized; none issued and outstanding (excluding 13,177,933 shares subject to possible redemption at March 31, 2024 and December 31, 2023) - - Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares”…
The clause …“March 31, 2024. As of March 31, 2024 and December 31, 2023, the Company has $ 600,000 outstanding under the Sponsor Loan. 19 SDCL EDGE ACQUISITION CORPORATION NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED) On September 29, 2023,”…
The clause …“be able to consummate a Business Combination by the specified period. If a Business Combination is not consummated by July 2, 2024, there will be a mandatory liquidation and subsequent dissolution. The Company’s date for mandatory”…
The clause “014-15, Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern , management has determined that the a lack of liquidity that the Company needs to sustain operations for a reasonable period of time and the”…
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 2023-03-30deadline 2023-11-02 → 2024-07-02sponsor loan $300K → $600Kmandate language changedshares 20.0M → 13.2M -34%
combination deadline, sponsor loans outstanding, mandate language +34 moved · 2 with no prior record of ours
- Combination deadline
- 2023-11-022024-07-02
- Sponsor loans outstanding
- $300K$600K
- Mandate language
- we intend to pursue opportunities created by the rapid shift…we intend to pursue opportunities created by the energy tran…
- Redeemable shares
- 20.0M13.2M
- Trust account
- $204.6M · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as 243 days later than the previous record.
The clause …“the Extended Date up to four times, by an additional month each time, up to July 2, 2024. In connection with the Extension Proposal, a total of 44 shareholders elected to redeem an aggregate of 6,817,313 Class A ordinary shares,”…
SpacBrain reads this as the sponsor has advanced $300,000 more.
The clause …“been repaid as of December 31, 2023. As of December 31, 2023, the Company has $ 600,000 outstanding under the Sponsor Loan. On September 29, 2023, the Company entered into a promissory note with Seaside for up to $ 150,000 (the “Seaside”…
SpacBrain reads this as 6,817,313 shares are no longer redeemable.
The clause …“value; 500,000,000 shares authorized; none issued and outstanding (excluding 13,177,933 and 19,995,246 shares subject to possible redemption at December 31, 2023 and 2022, respectively) - - Class B ordinary shares, $ 0.0001 par value;”…
The clause …“- - $ 628,227 $ 302,770 $ - $ 325,457 December 31, 2022 Assets Investments held in Trust Account: Money market investments $ 204,641,162 $ 204,641,162 $ - $ - Liabilities Warrant liability – Public Warrants 1,599,620 1,599,620 - -”…
The clause …“attention from management. Our proximity to our liquidation date expresses substantial doubt about our ability to continue as a “going concern.” In connection with the Company’s assessment of going concern considerations in”…
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.