SHCA SEC filings, in plain English
Everything Spindletop Health 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: Spindletop Health Acquisition Corp. set a special meeting for December 20, 2022 at 10:30 a.m. Central to amend its charter so it can liquidate early, moving the date by which it must complete an initial combination forward from February 8, 2023 to the later of December 20, 2022 and the amendment's effective date. On the November 21, 2022 record date the redemption price was about $10.30, based on about $237,089,832.14 on deposit including interest not released for franchise and income taxes, against a Nasdaq close of $10.18 for the Class A common stock, about $0.12 below the redemption value. Why it matters: This is a deliberate early wind-up rather than an extension, and it pays holders about $10.30 per share, twelve cents more than the market price, with all remaining public shares redeemed automatically if the amendment passes. Returning capital before the end of 2022 also avoids the 1% excise tax on repurchases that takes effect January 1, 2023, which would otherwise reduce what holders receive. For anyone holding at $10.18, approval converts the position into cash above market with no deal risk and no further waiting.
- What changed vs 2022-08-15trust $4.6M → $1.4M -70%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $4.6M$1.4M
- Combination deadline
- 2023-02-08 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $300K · unchanged
- Redeemable shares
- 23.0M · unchanged
SpacBrain reads this as $3,200,749 left the trust between the two filings.
The clause …“(loss) to net cash used in operating activities: Earnings from investments held in trust account ( 1,399,251 ) — Change in fair value of warrant liabilities ( 10,145,681 ) — Changes in operating assets and liabilities: Due to related”…
The clause “Trust Account for each three-month extension an amount of $0.10 per share. If a Business Combination is not consummated or the mandatory liquidation date is not extended by February 8, 2023, there will be a mandatory liquidation and”…
The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that the mandatory liquidation and subsequent dissolution, should the Company be unable to complete a Business”…
The clause …“December 31, 2021 or the closing of the IPO. As of the IPO, the Company had borrowed $ 300,000 under these promissory notes and repaid them in full. As of September 30, 2022 and December 31, 2021, no amounts were due on these”…
The clause …“value; 100,000,000 shares authorized; no ne issued and outstanding (excluding 23,000,000 shares subject to possible redemption) — — Class B common stock, $ 0.0001 par value; 10,000,000 shares authorized; 5,750,000 shares issued and”…
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, combination deadline, going-concern doubt +2nothing moved · 5 with no prior record of ours
- Trust account
- $4.6M · unchanged
- Combination deadline
- 2023-02-08 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $300K · unchanged
- Redeemable shares
- 23.0M · unchanged
The clause …“carrying value to redemption value 22,333,526 Proceeds from Private Placement deposited in Trust Account 4,600,000 Class A common stock subject to possible redemption $ 234,649,469 Net Income (Loss) Per Common Stock The Company complies”…
The clause “Trust Account for each three-month extension an amount of $0.10 per unit. If a Business Combination is not consummated or the mandatory liquidation date is not extended by February 8, 2023, there will be a mandatory liquidation and”…
The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that the mandatory liquidation and subsequent dissolution, should the Company be unable to complete a Business”…
The clause …“December 31, 2021 or the closing of the IPO. As of the IPO, the Company had borrowed $ 300,000 under these promissory notes and repaid them in full. As of June 30, 2022 and December 31, 2021, no amounts were due on these promissory”…
The clause …“value; 100,000,000 shares authorized; no ne issued and outstanding (excluding 23,000,000 shares subject to possible redemption) — — Class B common stock, $ 0.0001 par value; 10,000,000 shares authorized; 5,750,000 shares issued and”…
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 2021-12-20going concern APPEARED
going-concern doubt, combination deadline, redeemable shares +21 moved · 4 with no prior record of ours
- Going-concern doubt
- not statedstated
- Combination deadline
- not previously extracted2023-02-08
- Redeemable shares
- not previously extracted23.0M
- Trust account
- $4.6M · unchanged
- Sponsor loans outstanding
- $300K · unchanged
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that the mandatory liquidation and subsequent dissolution, should the Company be unable to complete a Business”…
The clause “Trust Account for each three-month extension an amount of $0.10 per unit. If a Business Combination is not consummated or the mandatory liquidation date is not extended by February 8, 2023, there will be a mandatory liquidation and”…
The clause …“value; 100,000,000 shares authorized; no ne issued and outstanding (excluding 23,000,000 shares subject to possible redemption) — — Class B common stock, $ 0.0001 par value; 10,000,000 shares authorized; 5,750,000 shares issued and”…
The clause …“carrying value to redemption value 22,284,057 Proceeds from Private Placement deposited in Trust Account 4,600,000 Class A common stock subject to possible redemption $ 234,600,000 10 Table of Contents Net Income (Loss) Per Common Stock”…
The clause …“December 31, 2021 or the closing of the IPO. As of the IPO, the Company had borrowed $ 300,000 under these promissory notes and repaid them in full. As of March 31, 2022 and December 31, 2021, no amounts were due on these promissory”…
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.