SHUA SEC filings, in plain English
Everything SHUAA Partners Acquisition Corp I has filed with the SEC that we hold — 40 filings, newest first, 2 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: SHUAA Partners Acquisition Corp I called its 2023 annual general meeting for Tuesday, December 12, 2023 at 9 a.m. ET by virtual meeting, record date October 17, 2023, when there were 5,281,612 shares outstanding, all Class A and zero Class B, each carrying one vote; warrants carry no voting rights. The deadline to complete a business combination is November 4, 2023, extendable to June 4, 2024. Why it matters: Zero Class B shares outstanding means the founder shares have already converted to Class A, so the sponsor now votes alongside public holders and the usual founder block has dissolved into the 5,281,612 share count. The forgiveness provision is the honest part of the disclosure: the sponsor's working capital note is written off if the vehicle liquidates, confirming the trust is ring-fenced from sponsor creditors and that public holders' pro rata claim is not diluted by those advances. Private placement warrants struck at $11.50 are worthless in a liquidation.
What changed vs 2023-05-15deadline 2023-09-04 → 2024-06-04combination deadline, trust account1 moved · 1 with no prior record of ours
- Combination deadline
- 2023-09-042024-06-04
- Trust account
- $114.6Mnot matched in this filing
SpacBrain reads this as 274 days later than the previous record.
The clause …“combination is consummated. If the Company does not consummate an initial business combination by June 4, 2024, the Working Capital Note will not be repaid and all amounts owed thereunder will be forgiven except to the extent that”…
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 2023-05-12trust $114.2M → $113.0M -1%deadline 2023-06-04 → 2023-09-04
trust account, combination deadline, redeemable shares +12 moved · 2 with no prior record of ours
- Trust account
- $114.2M$113.0M
- Combination deadline
- 2023-06-042023-09-04
- Redeemable shares
- not previously extracted2.57M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $1,208,181 left the trust between the two filings.
The clause …“(Level 2) Significant Other Unobservable Inputs (Level 3) Assets Investments held in Trust Account: Money Market Funds $ 112,997,024 $ 112,997,024 $ — $ — Total Assets $ 112,997,024 $ 112,997,024 $ — $ — 15 In order to calculate the”…
SpacBrain reads this as 92 days later than the previous record.
The clause …“to continue as a going concern. While management intends to complete a Business Combination on or before September 4, 2023 (absent any extensions of such period by the Sponsor), it is uncertain whether we will be able to do so.”…
The clause “000 shares authorized; 2,716,250 and 0 shares issued and outstanding (excluding 2,565,362 and 10,865,000 shares subject to possible redemption) as of June 30, 2023 and December 31, 2022, respectively 272 — Class B ordinary shares, $”…
The clause …“Combination not occur, and potential subsequent dissolution, also raise substantial doubt about the Company’s ability to continue as a going concern. While management intends to complete a Business Combination on or before”…
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: SHUAA Partners Acquisition Corp I called a virtual extraordinary general meeting for June 1, 2023 at 9:00 a.m. Eastern to extend the termination date from June 4, 2023 to September 4, 2023. Within five business days of the meeting the sponsor or a designated lender deposits into the trust an amount equal to $0.105 multiplied by the public shares then outstanding, capped at $210,000, against a promissory note. Thereafter the board may extend up to nine further times by one month each at the sponsor's request, with the lender depositing up to $70,000 each time, an aggregate of up to $630,000. Why it matters: An initial deposit of $0.105 per share is at the generous end of 2023 extension terms, adding roughly 1% of a $10 share in one step, though the later monthly cap of $70,000 dilutes that rate as time passes. The $210,000 cap implies the sponsor expects roughly two million public shares to remain. The adjournment proposal exists specifically for the case where redemptions leave the company unable to meet Nasdaq continued listing requirements, an acknowledgement that this vote could cost the exchange listing outright.
- What changed vs 2022-11-09trust $112.0M → $114.2M +2%
trust account, combination deadline, going-concern doubt1 moved · 2 with no prior record of ours
- Trust account
- $112.0M$114.2M
- Combination deadline
- 2023-06-04 · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $2,169,657 was added to the trust between the two filings.
The clause …“party — 28,374 Total current assets 930,257 1,088,910 Marketable securities held in Trust Account 114,205,205 112,997,024 Total Assets $ 115,135,462 $ 114,085,934 Liabilities, Ordinary Shares Subject to Possible Redemption and”…
The clause …“to continue as a going concern. While management intends to complete a Business Combination on or before June 4, 2023 (absent any extensions of such period by the Sponsor), it is uncertain whether we will be able to do so. No”…
The clause …“Combination not occur, and potential subsequent dissolution, also raise substantial doubt about the Company ’ s ability to continue as a going concern. While management intends to complete a Business Combination on or before June”…
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 2022-08-09trust $111.5M → $112.0M +0%
trust account, combination deadline, going-concern doubt1 moved · 2 with no prior record of ours
- Trust account
- $111.5M$112.0M
- Combination deadline
- 2023-06-04 · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $503,557 was added to the trust between the two filings.
The clause …“1,398,845 419,570 Prepaid expenses- long term 74,451 - Marketable securities held in Trust Account 112,035,548 - Total Assets $ 113,508,844 $ 419,570 Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit”…
The clause …“to continue as a going concern. While management intends to complete a Business Combination on or before June 4, 2023 (absent any extensions of such period by the Sponsor), it is uncertain whether we will be able to do so. No”…
The clause …“Combination not occur, and potential subsequent dissolution, also raise substantial doubt about the Company’s ability to continue as a going concern. While management intends to complete a Business Combination on or before June 4,”…
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 2022-05-16trust $111.4M → $111.5M +0%
trust account, combination deadline, going-concern doubt1 moved · 2 with no prior record of ours
- Trust account
- $111.4M$111.5M
- Combination deadline
- not previously extracted2023-06-04
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $158,168 was added to the trust between the two filings.
The clause …“1,502,468 419,570 Prepaid expenses- long term 186,751 - Marketable securities held in Trust Account 111,531,991 - Total Assets $ 113,221,210 $ 419,570 Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit”…
The clause …“to continue as a going concern. While management intends to complete a Business Combination on or before June 4, 2023 (absent any extensions of such period by the Sponsor), it is uncertain whether we will be able to do so. No”…
The clause …“Combination not occur, and potential subsequent dissolution, also raise substantial doubt about the Company’s ability to continue as a going concern. While management intends to complete a Business Combination on or before June 4,”…
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.