SNPR SEC filings, in plain English
Everything Tortoise Acquisition Corp. II 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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combination deadline, going-concern doubtnothing moved · 2 with no prior record of ours
- Combination deadline
- 2021-12-15 · unchanged
- Going-concern doubt
- stated · unchanged
The clause …“exercises was also extended from the termination date of July 31, 2021 to December 15, 2021. The Company recorded incremental stock-based compensation expense of approximately $ 2.4 million for this combination of stock option”…
The clause …“the business. Management has considered conditions and events which provide substantial doubt about the Company's ability to continue as a going concern for the 12 months following the issuance of the consolidated financial”…
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: Volta Inc. — the company Tortoise Acquisition Corp. II took public — issued definitive merger materials dated February 21, 2023, first mailed on or about the same date, for a virtual-only special meeting on March 29, 2023 beginning at 10:00 a.m. Eastern Time. Holders vote on adopting the merger agreement attached as Annex A and on an adjournment proposal. If the merger is completed each share of Volta Class A common stock of $0.0001 par value becomes the right to receive $0.86 in cash, without interest and less applicable withholding taxes. Why it matters: $0.86 a share in cash is the whole of what a public holder receives, and the merger cannot be consummated unless holders of a majority of the shares issued and outstanding and entitled to vote adopt the agreement — so a failure to vote, an abstention or an uninstructed street-name holding each count as a vote against. The Volta board acted unanimously and also approved a voting agreement alongside the merger agreement. The record date is February 17, 2023, and holders who properly exercise appraisal rights take payment under those rights instead.
What changed: Volta Inc. — the company Tortoise Acquisition Corp. II took public — filed a preliminary proxy statement, subject to completion, dated February 8, 2023, for a virtual Special Meeting on the Agreement and Plan of Merger dated January 17, 2023 with Shell USA, Inc. and SEV Subsidiary, Inc. Merger Sub merges into Volta, which continues as the surviving corporation and becomes a wholly owned subsidiary of Shell. Each share of Volta Class A common stock, par value $0.0001, becomes the right to receive $0.86 in cash, without interest and less applicable withholding taxes. Why it matters: $0.86 per share is the entire consideration to a public holder, paid by a strategic acquirer rather than a financial sponsor. The board also approved a voting agreement alongside the merger agreement, so part of the vote is committed before the meeting opens. The Special Meeting is virtual-only with no physical location, is set for 10:00 a.m. Eastern Time on a date left blank, and the record date is blank as well, so a holder cannot yet tell whether they will be entitled to vote. Properly exercised appraisal rights are the only alternative to the $0.86.
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.