Social Capital Hedosophia Holdings Corp. V
SOFI · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
In plain terms
- What it is
- A SPAC from SCH Sponsor V LLC, listed on Nasdaq in October 2020.
- What it's doing now
- It agreed to buy Social Finance, Inc.. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
- What you should know
- This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.
At a glance
- Where it stands
- Closed (deSPAC)
- The business it bought
- Social Finance, Inc.
- Industry
- the deal record does not name the target's industry yet
- Deal value
- not stated in the filings we hold
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 13 October 2020
- size not on file
- Headquarters
- 234 1ST STREET, SAN FRANCISCO, CA, 94105
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Schuppenhauer Eric (EVP GBUL Borrow) · Pinto Arun (Chief Risk Officer) · HUTTON GEORGE THOMPSON (Director)
- Listed securities
- SOFI common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 13 October 2020IPOpassed
IPO size not on file
The deal
terms as filedWhat it is buying, on what terms, and how much of the combined company new shares take from you.
- closedSEC primary
Created 2026-08-31 from the completion filing named in the SPAC's own note. All eight rows in this class carried NO deal row, which is how a completed combination could read as a liquidation. §98
The score
deterministic, from filed fieldsSOFI is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
Social Capital Hedosophia Holdings Corp. V is a blank check company, incorporated as a Cayman Islands exempted company, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. While the company stated it may pursue a target in any industry or geographic location, it intended to focus its search on businesses operating in the technology industries. The company was led by Chamath Palihapitiya as Chief Executive Officer and Chairman of the board, and Ian Osborne as President and a director. Palihapitiya is the founder and Managing Partner of Social Capital, a Silicon Valley-based technology holding company, and previously served as Vice President of User Growth at Facebook. Osborne is the co-founder and CEO of Hedosophia, an investment firm with offices in London, Los Angeles, and Beijing, and the founder of the financial advisory firm Connaught. The company's sponsor was SCH Sponsor V LLC, a Cayman Islands limited liability company.
The company completed its initial public offering on October 13, 2020, selling 65,000,000 units at $10.00 per unit, generating gross proceeds of $650,000,000, with an underwriter over-allotment option for up to an additional 9,750,000 units. Each unit consisted of one Class A ordinary share and one-fourth of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at $11.50 per share. The units were listed on the New York Stock Exchange under the symbol "IPOE.U," with the Class A ordinary shares and warrants listed separately under "IPOE" and "IPOE WS," respectively. Of the offering proceeds, $650.0 million (or $747.5 million if the over-allotment was exercised in full) was deposited into a U.S.-based trust account at J.P. Morgan Chase Bank, N.A., at $10.00 per unit. The company was required to complete its initial business combination within 24 months from the closing of the offering, failing which it would redeem 100% of its public shares at the per-share trust value. Credit Suisse served as sole book-running manager, and Connaught acted as financial advisor.
The company completed a business combination with Social Finance, Inc. (SoFi), with the transaction consummated on May 28, 2021, as reported in a Current Report on Form 8-K filed June 4, 2021. Following the combination, the successor entity's common stock trades on the NYSE under the ticker "SOFI." The SPAC's warrants were subsequently the subject of a Form 25 filing on December 6, 2021, under 17 CFR 240.12d2-2(a)(1), reflecting the redemption or retirement of that derivative class.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
Two acquisitions closed inside the quarter, one in loan servicing infrastructure and one in retail investing, both bolt-ons to the bank platform. The condensed consolidated financial statements are not in the portion read here, so no deposit, loan or capital figure is attributed.
The merger issuance of 707,786,704 shares is roughly nine times the 80,500,000 public shares that merely convert by operation of law, so a non-redeeming SCH holder ends up with a small fraction of the combined share count. The registration prices are the NYSE high-low averages on January 6, 2021 — $12.05 per Class A ordinary share and $3.45 per warrant — more than three months old by the date of this amendment, giving an aggregate offering price of $9,568,286,033 and a registration fee of $1,043,900.01.
Three amendments in, nothing on the cover has moved, so an SCH holder's dilution is fixed and the open questions are the closing conditions and the redemption election. The 707,786,704 new shares for SoFi's capital stock, restricted stock units and other awards still stand against 80,500,000 public shares converting by operation of law. The pricing inputs are now nearly three months old — NYSE averages of $12.05 per Class A ordinary share on January 6, 2021 and $3.45 per warrant on January 5, 2021 — because Rule 457(f)(1) fixes them at first filing.
Two amendments in, neither the share counts nor the fee has moved, so the ratio a SCH holder faces is settled: 707,786,704 new shares for SoFi's capital stock, restricted stock units and other awards against 80,500,000 public shares converting by operation of law in the Domestication. The pricing inputs are likewise unchanged and now two months stale — NYSE averages of $12.05 per Class A ordinary share on January 6, 2021 and $3.45 per warrant on January 5, 2021 — because Rule 457(f)(1) fixes them at first filing.
The registration number is now assigned and the fee restated upward slightly, which is a housekeeping change rather than a change in terms — the ratio that matters to a SCH holder is untouched. 707,786,704 new shares for SoFi's capital stock, restricted stock units and other awards sit against 80,500,000 public shares converting by operation of law in the Domestication. The pricing inputs are also unchanged: NYSE averages of $12.05 per Class A ordinary share on January 6, 2021 and $3.45 per warrant on January 5, 2021.
The proportions are the point: 80,500,000 shares are simply SCH's own public shares converting by operation of law in the Domestication, while 707,786,704 are new shares for SoFi's capital stock, its restricted stock units and other awards — nearly nine times the public float before any redemption. The 20,125,000 registered warrants are the public warrants converting on the same automatic basis. The fee is computed on NYSE averages of $12.05 per Class A ordinary share on January 6, 2021 and $3.45 per warrant on January 5, 2021, stated solely for that purpose.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
What changed: The 10-Q filed under Commission file number 001-39606 is that of SoFi Technologies, Inc. (Nasdaq: SOFI) for the quarter ended June 30, 2026, with 1,291,570,324 shares outstanding as of July 31, 2026. The introduction states that during the second quarter of 2026 the company acquired Peach Finance, Inc., a cloud-native, API-first loan management and servicing platform, and Composer Securities LLC, an AI-powered investing platform. Why it matters: Two acquisitions closed inside the quarter, one in loan servicing infrastructure and one in retail investing, both bolt-ons to the bank platform. The condensed consolidated financial statements are not in the portion read here, so no deposit, loan or capital figure is attributed.
What changed: 8-K of SoFi Technologies, Inc. Item 2.02 (results of operations and financial condition): on July 29, 2026 the Company issued a press release reporting its financial results for the three and six months ended June 30, 2026, attached as Exhibit 99.1 and incorporated by reference. The Item 2.02 information is furnished and shall not be deemed filed for Section 18 purposes nor incorporated by reference into the Company's Securities Act or Exchange Act filings regardless of general incorporation language. Exhibit 104 is the Inline XBRL cover page. Signed by CFO Christopher Lapointe. Why it matters: Routine quarterly earnings furnishing; the report states no figure.
Show the other 10 filings
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
SCH Sponsor V LLCnamed as sponsor in this SPAC’s filings — but with no researched track record behind it yet.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1281 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
from 424B3 0001818874-25-000229
Trading & liquidity
Company profile
Directors & officers
- Schuppenhauer EricEVP GBUL Borrow
- Pinto ArunChief Risk Officer
- HUTTON GEORGE THOMPSONDirector
- Ruzwana BashirDirector
- Borden William A.Director
- Hele John C.R.Director
- Meltzer GaryDirector
- Green Dana R.Director
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
6 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- VANGUARD GROUP INC8.5% · SC 13G/AFeb 13, 2024 stale
- Empyrean Capital Partners, LPwith 2 other reporting persons on the same schedule5.9% · SC 13GDec 18, 2020 stale
- Red Crow Capital, LLCwith 1 other reporting person on the same schedule5.3% · SC 13D/ANov 24, 2021 stale
- SOFTBANK GROUP CORPwith 3 other reporting persons on the same schedule4.9% · SC 13D/AAug 17, 2022 stale
- INTEGRATED CORE STRATEGIES (US) LLCwith 4 other reporting persons on the same schedule4.9% · SC 13G/AFeb 4, 2021 stale
- SCH Sponsor V LLCwith 2 other reporting persons on the same schedule3.1% · SC 13G/ADec 30, 2021 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
38 full SEC filing texts archived — searchable, never lost.
- Vault note — SOFI (Social Capital Hedosophia Holdings Corp. V)
vault-note · /vault/tickers/SOFI
- Vault deal note — Social Finance, Inc. (SOFI)
vault-note · /vault/deals/social-finance-inc
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
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.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
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.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
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.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail4 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 6199 (Finance Services). The screen found it by filing SHAPE instead — S-1 2020-09-18 → 8-A12B 2020-10-07 → 424B4 2020-10-13 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 6199 + self-described blank check in 424B4 0001104659-20-114514; 424B 0001104659-20-114514 priced 2020-10-13 under S-1 0001104659-20-106570 (file 333-248915, an offering for cash); common ticker SOFI off 8-K 0001818874-26-000050 (2026-07-29); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-248915, which belongs to S-1 0001104659-20-106570 (2020-09-18) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2020-10-13). Ending PROVEN, not inferred: LIQUIDATED per Form 25 0001354457-21-001421 (2021-12-06) — Form 25 filed under 17 CFR 240.12d2-2(a)(1) — the rule for a class "called for redemption" or "redeemed or paid at maturity/retirement". For a SPAC that class is the public shares and that redemption is the trust going back (class: Warrant). No wind-up press release was readable on the registrant's own file, so the per-share figure is not stored.. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
sponsor "SCH Sponsor V LLC" sourced from prospectus definition (10-K/A) acc 0001104659-21-053909.
status LIQUIDATED -> CLOSED. The ending was recorded from a Form 25 that delisted a DERIVATIVE (warrant/right/unit), not the public shares — and on five of these eight that Form 25 postdates the combination by years. The combination COMPLETED: 8-K filed 2021-06-04 for the event of 2021-05-28, accession 0001628280-21-011688, Item 2.01 beside 5.01/5.02; no 15-12B or 15-12G exists on this CIK and its tickers are still listed. Target: Social Finance, Inc.. POSTMORTEMS §98.
entity created from the filed target name; no About paragraph on file, so every other field awaits a sourced read