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SSAC SEC filings, in plain English

Everything SPACSphere Acquisition has filed with the SEC that we hold — 40 filings, newest first, 38 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: Quarterly report (10-Q) for the period ended June 30, 2026, filed by SPACSphere Acquisition Corp. (SSAC). The filing confirms the May 29, 2026 Business Combination Agreement with Mobilewalla Holdco, Inc. (deal progress). Trust account per-share value grew to $10.14 (from $10.00 at IPO), with total trust assets of $174,896,125 as of June 30, 2026. The company reported net income of $1,335,802 for the first six months (all from trust interest). A working capital deficit and going concern warning remain, with a May 9, 2027 deadline to close the deal. Sponsor owes the company $192,493 due to an overpayment. No changes to deadline or extension terms. Why it matters: Investors relying on the trust redemption value see it has increased to $10.14 per share. The signed Business Combination Agreement with a named target (Mobilewalla) indicates active deal pursuit, but the going concern disclosure reminds holders that failure to close by May 2027 triggers liquidation. The filing provides the first post-IPO detailed view of trust accretion, expenses, and sponsor-related transactions.

    What changed vs 2026-05-15trust $173.4M → $174.9M +1%
    trust account, going-concern doubt1 moved · 1 with no prior record of ours
    Trust account
    $173.4M$174.9M

    SpacBrain reads this as $1,535,419 was added to the trust between the two filings.

    The clause “541,841 6,081 Deferred offering costs - 587,984 Cash and marketable securities held in Trust Account 174,896,125 - TOTAL ASSETS $ 175,437,966 $ 594,065 Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and”…

    Going-concern doubt
    stated · unchanged

    The clause …“Company. The Company’s liquidity condition and mandatory liquidation raise substantial doubt about the Company’s ability to continue as a going concern for a period of time within one year after the date that the accompanying”…

    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: This document is a Limited Power of Attorney (Exhibits A and B) attached to a Schedule 13G filing, executed by Mizuho Financial Group, Inc., Mizuho Bank, Ltd., Mizuho Americas LLC, and Mizuho Securities USA LLC to authorize Takahiro Katsura, Shuji Matsuura, and Adam Hopkins to prepare, execute, amend, and timely file Form 13G reports with the U.S. Securities and Exchange Commission under Sections 13(d) and 13(g) of the Exchange Act. The filing contains no changes to SSAC’s redemption deadlines, trust value, merger deadline, extension provisions, target deal progress, or sponsor conduct. It exclusively addresses internal corporate delegation for maintaining Section 13(g) public reporting obligations. Why it matters: The document makes no claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. It solely records administrative authority for Mizuho-affiliated entities to manage their SEC filings, which provides no insight into capital return mechanisms, trust distributions, extension votes, or business combination milestones.

  • What changed: A Form 425 communication filed pursuant to Rule 425 under the Securities Act of 1933 and deemed filed under Rule 14a-12 under the Exchange Act of 1934, comprising a “Letter to shareholders” that publicly announces a proposed business combination between SPACSphere Acquisition Corp. (SSAC) and Mobilewalla Holdco, Inc. The letter announces that SSAC and Mobilewalla have executed a “business continuity agreement” to merge, confirming plans for the combined entity to list on Nasdaq under a new ticker symbol. Concerning transaction mechanics, the filing preserves the previously identified deadline of 2027-05-09 and does not modify the trust account balance of $10.14 per share. However, it inserts a specific scheduling risk warning: “the risk that the proposed business combination may not be completed by SSAC’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by SSAC.” The document confirms that a joint Registration Statement on Form S-4, which will house the preliminary proxy statement/prospectus detailing redemption windows, voting procedures, and sponsor commitments, is prepared for filing with the SEC. Why it matters: This communication advances the SSAC-Mobilewalla transaction into the active disclosure phase, establishing the next procedural milestone as the SEC effectiveness of the Form S-4. Management attributes the selection of a SPAC route over alternative funding sources to its capacity to “raise capital quickly,” provide a “streamlined path to becoming a public company,” and deliver a “path to achieve liquidity.” The letter assigns the target a “pro forma enterprise value of $250 million,” though it explicitly qualifies this and all financial projections as forward-looking estimates subject to “risks and uncertainties.” The communication also catalogs additional operational and macroheadwinds cited by the authors, including potential “U.S.-Iran war and other geopolitical conflicts,” data security vulnerabilities, intellectual property enforcement challenges, and the possibility that the merged entity “may never achieve or sustain profitability.” For redemption tracking, investors should monitor the subsequent S-4 declaration for definitive tender offer pricing, exact record dates, and any PIPE financing or lockup structures that would directly dictate cash availability and voting leverage ahead of the May 2027 cutoff.

  • What changed: A Form 425 prospectus communication and internal announcement letter filed by SPACSphere Acquisition Corp. pursuant to Rule 425, functioning as an all-hands style memo to Mobilewalla employees regarding the publicly announced business combination with SSAC. The filing confirms the public announcement of the merger between SSAC and Mobilewalla Holdco, Inc., with management setting a closing expectation for the 'second half of 2026,' which operates within the existing May 9, 2027 redemption deadline. Neither a deadline extension nor a modification to the $10.14 per-share trust value is reported. Sponsor conduct adheres to standard Rule 14a-12 compliance, mandating that all external inquiries from customers, partners, media, or former employees be routed exclusively to blueshirtgroup@mobilewalla.com and prohibiting unauthorized commentary on email, Teams, or social media. The filing establishes that SSAC shareholders will receive a definitive proxy statement/prospectus for a formal vote once the pending Form S-4 registration statement is declared effective, thereby creating the record date and voting calendar necessary to exercise redemption rights. Why it matters: Management attributes the transaction to commercializing 'Telescope,' described internally as their agentic AI platform, and cites a '94% retention rate' as validation of product-market fit. The company states it will allocate capital to hire engineers, expand infrastructure, and build a sales organization to reach 'hundreds of enterprises' that are currently unaware of the solution. In risk disclosures, SSAC and the Company explicitly warn that the transaction may not complete timely, may face employee retention difficulties, and specifically list '(xiv) the impact of the U.S.-Iran war and other geopolitical conflicts' alongside standard uncertainties around profitability, Nasdaq listing maintenance, and intellectual property enforceability. Management references its prior IPO prospectus effective January 30, 2026, and its Form 10-K filed March 27, 2026, as baseline documents. Investors should monitor the forthcoming Form S-4 proxy materials for precise redemption mechanics, lock-up terms, and projected financials, as this 425 primarily communicates internal transition expectations rather than binding deal economics.

  • What changed: Form 425 filing submitted pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Exchange Act of 1934, containing a joint press release and prospectus communication announcing a definitive business combination between SPACSphere Acquisition Corp. and Mobilewalla. The attachment announces a definitive business combination agreement valuing Mobilewalla at a pre-money equity value of $250 million. Per the filing, assuming no redemptions and based on trust value per share as of March 13, 2026, the combined entity expects to receive approximately $172.5 million from SSAC’s trust account. Certain institutional investors affiliated with Mobilewalla will commit $10 million to support the transaction. The boards of directors of both companies have unanimously approved the deal, which management states is expected to close in the second half of 2026, subject to stockholder approval and customary conditions. The document does not outline an extension provision but includes a forward-looking statements risk factor warning that failure to consummate by SSAC’s business combination deadline could terminate the transaction. SSAC’s financial and capital markets advisor is D. Boral Capital LLC, legal counsel is Norton Rose Fulbright US LLP, and Soumen Das serves as Chief Financial Officer. Why it matters: This prospectus communication triggers formal shareholder routing timelines and anchors the redemption math to the specified trust snapshot, making the $172.5 million assumed capital raise the baseline for post-combination liquidity. Beyond mechanics, Mobilewalla’s leadership claims generating $13.9 million in Annual Recurring Revenue as of April 30, 2026, supported by a 94% gross retention rate and a 96% monthly recurring revenue mix. The press release asserts a total addressable market exceeding $115 billion and cites a transformative M&A pipeline targeting over $40 million of net new ARR. Dr. Anindya Datta, founder and CEO of Mobilewalla, describes the technology stack as ingesting 50 terabytes of data daily, spanning 2 billion devices across 40+ countries, and housing a 400 PB data lake with over 5,000 consumer attributes and 250 predefined, predictive features. Bala Padmakumar, CEO and Chairman of SSAC, highlighted founder-aligned incentives, noting Dr. Datta holds majority ownership and existing stakeholders are rolling 100% of their equity into the combined company. These operational and strategic assertions will drive scrutiny during the upcoming Form S-4 review and subsequent redemption/voting decisions.

  • What changed: SEC Form 425 public investor presentation marketing the proposed business combination between SPACSphere Acquisition Corp. (NASDAQ: SSAC) and Mobilewalla Inc. This filing does not alter the redemption schedule, modify the $10.14 trust value per share, request an extension to the 2027-05-09 business combination deadline, or disclose any shifts in sponsor conduct. It introduces a structured marketing deck for the pending merger, updating the information stream available to shareholders ahead of the proxy vote without changing deal mechanics or trustee arrangements. Why it matters: For investors weighing redemption versus conversion, the presentation supplies the substantive claims necessary to evaluate the combined entity. Mobilewalla management positions the company as a provider of purpose-built vertical AI and agentic systems, asserting that durable value will accrue to domain-specific data and proprietary signals rather than horizontal foundation models. The deck cites cumulative global AI investment of $1T+, notes a $100M+ cost per training run for major labs, and identifies ~0 durable moat around general intelligence benchmarks. Commercial projections attribute an agentic AI market expansion from $7.8B to $52B by 2030 (~46% CAGR) to industry forecasts, note that ~25% of generative AI enterprises have launched agentic pilots per Deloitte (2026), and reference Rakuten Symphony (2026) labeling 2026 the breakout year for vertical agentic AI. Management describes a decade-deep data platform covering 2B+ devices across 40+ countries with 10 years of history and hundreds of derived features per device. Four live products are named: Telescope, Market Flow, LendBetter, and the Consumer Data Platform. Customer geography is reported as 55% North America and 45% international (primarily Asia-Pacific), operating in telecom, financial services/lending, advertising/marketing/media, and data/identity/analytics. Market sizing claims project a $115B+ combined addressable market by 2030, with location intelligence at ~$54B (~17% CAGR), telecom analytics at ~$16B (~15% CAGR), alternative credit scoring at ~$4B (~23% CAGR), insurance analytics at ~$31B (~15% CAGR), and energy/utility analytics at ~$10B (~16% CAGR), attributing these estimates to Grand View Research, Market.us, and MarketsandMarkets. Organic and inorganic growth engines are outlined, including public-equity-funded acquisitions. Standard merger-risk disclosures attribute to SPACSphere and Mobilewalla the risks of incomplete closing, failure to obtain shareholder approval or financing, potential disruption to Mobilewalla’s operations, employee retention challenges, intellectual property and cybersecurity vulnerabilities, and the possibility that Mobilewalla may never achieve profitability. All forward-looking projections and strategic assertions are presented as current expectations subject to uncertainties.

  • What changed: A Rule 425 filing submitted by SPACSphere Acquisition Corp. containing a Q&A-format internal communication regarding the executed Business Combination Agreement with Mobilewalla, paired with standard securities law forward-looking statement cautions and proxy solicitation participant disclosures. The filing confirms Mobilewalla and SPACSphere have signed the Business Combination Agreement and maps the next regulatory steps: an upcoming Form 8-K followed by a Form S-4 registration statement that will trigger an SEC comment process management anticipates taking 'months.' Management states the goal is to close and trade on a U.S. national exchange in the second half of 2026, which remains well before the May 9, 2027 redemption deadline. Because SPACSphere is a shell with no commercial operations or employees, management indicates no traditional corporate integration will occur and day-to-day operations will continue unchanged. Mobilewalla leadership has instituted a strict pre-closing communications blackout, instructing personnel to limit external discussion to confirming the announcement, prohibiting personal or social media commentary, mandating redirection of all media inquiries to a dedicated email, and banning purchases of SPACSphere shares during the waiting period. Conversion mechanics for existing Mobilewalla stock/options remain undefined pending finalized agreements. Why it matters: For investors tracking the execution calendar, the stated H2 2026 closing window materially reduces near-term liquidation or forced-extension risk, though the S-4 comment period introduces an unquantified regulatory delay before the formal proxy vote and redemption window opens. The document shifts disclosure focus from deal existence to strategic rationale and capital deployment: Mobilewalla management asserts the company possesses a 'vertical AI platform' fueled by a 'vast proprietary data lake' positioned for multi-market delivery, and states that public market access will fund 'business expansion, increasing R&D, additional M&A activity and paying off existing debt.' These projected use-of-proceeds claims and technology descriptions establish a preliminary valuation baseline ahead of the definitive proxy statement. The explicit employee media quarantine and insider trading restrictions reflect standard merger-phase compliance posture. No amendments to termination rights, deposit account mechanics, sponsor conduct clauses, or redemption pricing appear in this submission. Trust value remains at $10.14 per share per your tracker, and the filing itself does not propose an extension.

  • What changed: A Form 8-K filing, furnished under Rule 425, announcing and detailing a definitive business combination agreement (BCA) between SPACSphere Acquisition Corp. (SPAC) and Mobilewalla Holdco, Inc. The filing includes the full BCA, the Sponsor Support Agreement, the Company Stockholder Support Agreement, and a joint press release. This is the initial announcement of a de-SPAC transaction. SPACSphere announced it has signed a definitive agreement to merge with Mobilewalla, a data and AI company. Key terms include a pre-money valuation of $250 million for Mobilewalla, an aggregate closing merger consideration of 25,000,000 shares of the new entity's common stock, and receipt of approximately $172.5 million from SSAC's trust account (assuming no redemptions). The deal includes a $10 million PIPE commitment from institutional investors affiliated with Mobilewalla and a separate $10 million senior loan from Avenue Capital. The transaction's closing is conditioned on approvals from both companies' shareholders, including a required Class B conversion and a domestication of the SPAC from a Cayman entity to a Delaware corporation. Why it matters: This filing establishes the definitive terms of the proposed business combination, replacing any prior uncertainty. It provides crucial details on the deal's structure, valuation, financing, and key conditions (including a potential deadline extension). It also outlines the sponsor agreements, which commit major shareholders and the sponsor to vote in favor of the deal, and gives concrete financial claims about the target: $13.9 million ARR as of April 30, 2026, 94% gross retention, and 96% monthly recurring revenue mix. For SPAC investors, this is the core document to assess the transaction's value and risk profile.

  • What changed: This document is a Form 425 filing submitted by SPACSphere Acquisition Corp., explicitly structured and titled as a “Letter to customers” from Mobilewalla announcing the proposed business combination with SSAC, and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934. The filing advances deal mechanics by confirming the transaction pathway to a US national exchange listing under a new ticker symbol and establishing the immediate next step of a joint Form S-4 registration and proxy statement. Regarding redemption timing and trust mechanics, the communication leaves SSAC’s existing business combination deadline entirely unchanged and does not alter the trust payout structure. However, SSAC and Company management explicitly warn that the combination “may not be completed by SSAC’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by SSAC,” signaling that the calendar remains rigid and redemption windows have not been recalibrated. Why it matters: For investors weighing continuation versus redemption, Mobilewalla claims the proposed transaction values the company at a pro forma enterprise value of $250 million, asserting this provides capital to “scale our technology and operations, support continued product innovation and accelerate our growth.” Management identifies Soumen Das as the Chief Financial Officer and directs shareholder correspondence to his Sacramento office. SSAC and Company management further attribute extensive risk disclosures to their collective cautionary framework, noting threats including intellectual property enforceability, data security breaches, profitability sustainability, and explicitly flagging “the impact of the U.S.-Iran war and other geopolitical conflicts.” The submission also attributes historical regulatory milestones to the SEC, citing that SSAC’s IPO prospectus was declared effective on January 30, 2026, and a Form 10-K was filed on March 27, 2026. These operational valuations, executive contacts, and risk attributions provide the substantive baseline against which redemption decisions must be evaluated before the definitive proxy materials arrive.

  • What changed: 8-K filing reporting entry into a Business Combination Agreement among SPACSphere Acquisition Corp., its merger sub, and Mobilewalla Holdco, Inc., along with ancillary agreements and a joint press release. SPACSphere Acquisition Corp. (SSAC) announced its definitive deal to combine with Mobilewalla Holdco, Inc., a data and vertical agentic AI company. The deal values Mobilewalla at a $250 million pre-money equity value. Mobilewalla has $13.9M in ARR as of April 30, 2026, a 94% gross retention rate, and over 200 business customers. At closing, Mobilewalla will become a wholly-owned subsidiary of SSAC, which will rename to 'COVARIATE, INC.' The aggregate merger consideration is 25 million shares of SSAC common stock. SSAC's trust has approximately $172.5 million in cash (assuming no redemptions). The deal requires a senior loan from Avenue Capital for at least $10 million at closing. The sponsor (SPACSphere Sponsor LLC) agreed to vote in favor and waive anti-dilution protections. Certain Mobilewalla stockholders, including CEO Anindya Datta and funds Madrona Venture Fund V and GCP Capital Partners, entered into support agreements. Why it matters: This is the definitive announcement of SSAC's business combination with Mobilewalla. It sets redemption mechanics (existing shareholders can redeem before the vote), a deadline of May 9, 2027 with a required extension mechanism, and a trust value now tied to Mobilewalla's financial performance. The $250M pre-money valuation, $13.9M ARR, and the need for shareholder approval from both SSAC and Mobilewalla provide concrete metrics and conditions for investors tracking deal viability and sponsor conduct.

  • What changed: Quarterly Report (Form 10-Q) for SPACSphere Acquisition Corp. for the three months ended March 31, 2026, the first quarterly report following its February 2026 IPO. The SPAC completed its IPO and private placement on February 9, 2026, raising $172.5 million in gross IPO proceeds (17.25 million units at $10.00) and $2.79 million from private placement of 279,465 Private Placement Units and 768,529 Restricted Class A Ordinary Shares, with total transaction costs of $14.28 million. The trust account held $173,360,706 at March 31, 2026 (including $860,706 interest earned). Cash equivalents outside trust were $308,000 and working capital was $291,430. The company reported net income of $648,348 for the quarter, entirely from trust interest. It has not yet selected a target or announced a business combination. A substantial doubt about going concern is noted due to limited liquidity outside trust. The trust redemption value per share is $10.05 as of March 31, 2026. Why it matters: This filing provides the first post-IPO financial snapshot, showing the trust balance and cash available for operations. It confirms the SPAC remains in search mode with no deal signed, highlights the tight working capital outside trust, and reiterates the 15-month deadline (May 9, 2027) to complete a business combination. The $10.05 trust per-share value and the absence of any redemption requests are key for arbitrage investors monitoring redemption thresholds.

  • What changed: A Schedule 13G beneficial ownership report filed by Polar Asset Management Partners Inc. Per the filing text, Polar Asset Management Partners Inc. submitted a Schedule 13G to report beneficial ownership status. The document does not list share quantities, percentage holdings, transaction dates, or explicit statements addressing redemption behavior, trust account preservation, extension mechanisms, target acquisition timelines, or sponsor conduct. Why it matters: The filing confirms that Polar Asset Management Partners Inc. reached or adjusted its stake to trigger the five percent beneficial ownership reporting threshold, which alters voting leverage and shareholder composition ahead of a business combination resolution. Although the excerpt omits quantitative specifics and strategic commentary, institutional Schedule 13G disclosures typically precede coordinated positioning on whether to hold or redeem shares as corporate action deadlines approach.

  • What changed: A Schedule 13G beneficial ownership report identifying Highbridge Capital Management, LLC as the reporting holder. The filing contains no provisions, resolutions, or disclosures that alter redemption deadlines, trust account status, extension procedures, target acquisition progress, or sponsor conduct. It records neither share quantity thresholds nor any structural modifications to the business combination framework. Why it matters: This document functions solely as a routine regulatory update regarding passive investment concentration. It does not provide operational commentary, market size estimates, revenue targets, technology roadmaps, partnership announcements, litigation defenses, or personnel appointments. Consequently, it carries no mechanical impact on shareholder liquidity windows or capital allocation parameters.

  • What changed: This document IS a Schedule 13G beneficial ownership report appended with two Exhibit 99 Powers of Attorney serving as routine compliance exhibits. According to the filed Powers of Attorney, The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC renewed their internal signing authority. The documents appoint nineteen named Goldman Sachs personnel as attorneys-in-fact to execute filings under Rule 13f-1 or Regulation 13D-G of the Securities Exchange Act of 1934. The Powers of Attorney are dated July 16, 2025, remain effective until July 16, 2026, and expressly supersede prior authorizations granted on July 29, 2024, and October 1, 2024. The filing contains no disclosure of share counts, voting threshold changes, or updates to the redemption calendar, trust value, extension status, or deal progress. Why it matters: Because the attached exhibits contain only standardized agency language authorizing SEC submissions, the filing carries no immediate mechanical or fundamental impact on the SPAC’s trajectory. External contractual milestones and trust funding levels remain unaffected by this submission. No material shifts in sponsor conduct, target business combination activity, or capital allocation are documented.

  • What changed: A Schedule 13G beneficial ownership report [0001172661-26-001903], filed 2026-05-14, classifying institutional investment vehicles as passive or joint reporting persons under Section 13(d) of the Securities Exchange Act. The filing identifies Lighthouse Investment Partners, LLC; MAP 136 Segregated Portfolio, a segregated portfolio of LMA SPC; MAP 204 Segregated Portfolio, a segregated portfolio of LMA SPC; MAP 214 Segregated Portfolio, a segregated portfolio of LMA SPC; Shaolin Capital Partners SP, a segregated portfolio of PW MAP SPC; and Eagle Harbor Multi-Strategy Master Fund Limited as the disclosing parties. The report states zero modifications to redemption windows, trust account allocation, extension triggers, merger negotiation status, or sponsor governance. It contains no assertions regarding customer concentration, financial results, market size, strategic direction, proprietary systems, partnership arrangements, litigation exposure, or executive appointments. Why it matters: Routine Schedule 13G disclosures confirm that the listed fund families and segregated portfolios maintain monitored equity stakes in the SPAC, defining the shareholder base that will interface with any forthcoming redemption distributions or business combination approvals. Because the excerpt provides neither share quantities nor acquisition timestamps, it does not mechanically alter the reported trust balance of $10.14 per share or change calendar dynamics leading up to the 2027-05-09 deadline. Institutional position tracking across future amendment cycles (Schedule 13D/G-A) will determine whether these capital pools remain committed to the announced target or prepare for liquidity events. All positional assertions and entity categorizations derive solely from the named reporting persons.

  • What changed: A Joint Filing Agreement (Exhibit A) attached to a Schedule 13G/A amendment regarding beneficial ownership of common stock in SPACSphere Acquisition Corp. Nothing. As drafted by the eight listed Harraden Circle investment entities and their Managing Member, Frederick V. Fortmiller, Jr., the document merely establishes procedural consent to submit future Schedule 13D/A amendments jointly under Rule 13d-1(k) of the Securities Exchange Act of 1934. It contains zero references to, modifications of, or impacts on the redemption process, the trust balance, the liquidation deadline, extension votes, merger target selection, or sponsor behavior. Why it matters: While operationally inert, the agreement mechanically consolidates disclosure obligations across multiple affiliated limited partnerships and management vehicles under a single SEC submission channel. Because the exhibit supplies no share quantities, purchase prices, or acquisition timelines, it does not alter investor calculus regarding the termination window or capital allocation signals. Monitoring the primary 13G/A filings referenced in the header remains necessary to track actual position sizing or shifts toward active acquisition pursuit.

  • What changed: A Schedule 13G beneficial ownership report, classified as a routine SEC compliance exhibit filed by KARPUS MANAGEMENT, INC. (accession number 0001072613-26-000435). According to the provided filing text, the submission discloses no amendments to the stated redemption deadline, modifications to the per-share trust account balance, filings requesting a business combination extension, progress updates on a target acquisition, or changes to sponsor governance or conduct. Why it matters: Under federal securities regulations, this form tracks institutional investors holding more than five percent of a registrant's equity. Because the excerpt lacks declared share quantities, purchase parameters, or a stated purpose, it does not trigger any mechanical shifts in shareholder redemption windows, affect trust preservation protocols, or signal a change in voting intent relative to the pending transaction.

  • What changed: A Schedule 13G, identified internally as a “beneficial ownership report”. The filing makes no disclosure regarding redemption deadlines, trust share accounting, extension mechanisms, target acquisition progress, or sponsor conduct. According to the submission, it solely reports that Wolverine Asset Management, LLC, Wolverine Holdings, LLC, Christopher L. Gust, and Robert R. Bellick maintain a reported beneficial ownership position. Why it matters: Updates to Schedule 13G filings adjust the public ledger of major security holders, which investors monitor to anticipate potential voting alignments, sponsorship affiliations, or activist positioning ahead of a business combination shareholder meeting. Because the filing contains only party names and lacks an amended statement, explicit investment purpose, or attachment schedules, it does not alter the stated $10.14 per-share trust balance or the 2027-05-09 deadline. The document also contains no claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel attributed to executives, sponsors, or company representatives. Tracking this disclosure helps calibrate capital concentration ahead of the redemption window without changing the underlying transaction timeline or trust valuation mechanics.

  • What changed: This document is a routine compliance exhibit: a Form 3 initial statement of beneficial ownership filed by SPACCatalyst LLC. According to the filing, the credited 10% owner reported zero non-derivative transactions or holdings adjustments during the covered period. Why it matters: The static disclosure does not alter the redemption calendar, the $10.14 trust per share, the 2027-05-09 deadline, or the announced deal trajectory. By confirming no share accumulation, sale, or derivative exercise from a stated 10% stakeholder, the report establishes a neutral baseline for sponsor conduct, directing investors to monitor subsequent Form 4 filings for any actual equity movement before the closing window.

  • What changed: SEC Schedule 13G beneficial ownership report. According to the filing submitted by Yakira Capital Management, Inc., Yakira Partners, L.P., White Oaks Long-Short Portfolio, LLC, MAP 136 Segregated Portfolio, YP Management, L.L.C., and Bruce M. Kallins, these accounts have formally disclosed their aggregate beneficial ownership position in SSAC. The provided excerpt contains no share quantities, ownership percentages, or purchase dates. It makes no reference to the $10.14 trust value per public share, the May 9, 2027 business combination deadline, any redemption elections, sponsor amendments, extensions, or target-transaction developments. Why it matters: Schedule 13G disclosures confirm that these entities crossed or maintain the statutory 5% beneficial ownership threshold, updating the shareholder registry ahead of the merger vote and redemption window. The presence of White Oaks Long-Short Portfolio signals potential options or equity-swap hedging, which can influence voting alignment versus cash-exit behavior. Per the filers' submission, this routine compliance exhibit does not adjust the trust account distribution timeline, extend the May 2027 deadline, modify sponsor lock-up or working-capital commitments, or alter the economics of the announced deal. SPAC investors should log this entry for cap-table transparency while recognizing that redemption mechanics, trust disbursement at $10.14 per share, and sponsor conduct remain governed by the original prospectus and any separate amendment filings.

  • What changed: Annual Report on Form 10-K for the fiscal year ended December 31, 2025. The filing reports the company's financial position as of December 31, 2025, prior to its IPO. It shows a net loss of $110,178, no revenues, cash equivalents of $6,081, and a working capital deficit of $673,162. The IPO was completed on February 9, 2026, after the period end, with gross proceeds of $172.5 million. No business combination target has been selected. The trust account holds $10.00 per public share. The company has a 15-month deadline from IPO closing to complete a business combination, expiring May 9, 2027. Why it matters: This filing provides baseline financial information and confirms the IPO mechanics, trust value, and deadline. It is essential for investors to understand the SPAC's capital structure, sponsor ownership, and redemption rights. It also highlights the company's going concern risk prior to IPO, which has since been resolved.

  • What changed: Form 3 — insider ownership report. According to the filing, SPACSphere Sponsor LLC, identified as a 10% owner, disclosed no non-derivative transactions or holdings changes. This submission does not adjust the sponsor’s equity position, introduce new capital commitments, propose an extension, or alter redemption windows or trust distribution mechanics relative to the 2027-05-09 deadline. Why it matters: The document is a standard Section 16(a) compliance exhibit. It contains no substantive announcements regarding target company operations, customer metrics, revenue forecasts, market size estimates, strategic technology plans, partnership agreements, personnel changes, or litigation exposure. Because the sponsor’s reported stake remains static and no transactional shifts occurred, there is no immediate consequence for sponsor alignment, liquidity pressure, or deal progression. Investors tracking calendar milestones and governance conduct can classify this as a neutral administrative record.

  • What changed: Current Report on Form 8-K accompanied by Exhibit 99.1, a corporate press release announcing the separate trading commencement of registered unit components. According to the press release dated February 24, 2026, issued by SPACSphere Acquisition Corp., holders of units sold in the initial public offering may elect to separately trade the Class A ordinary shares, warrants, and rights commencing February 27, 2026. Separated securities will list on Nasdaq under symbols SSAC, SSACW, and SSACR, while unseparated units continue as SSACU. The announcement, signed by Chief Executive Officer Bala Padmakumar, specifies that no fractional warrants will be issued upon separation and only whole warrants will trade. Broker instructions must direct Odyssey Transfer and Trust Company, the transfer agent, to execute the split. The filing restates the warrant exercise price of $11.50 per share, a par value of $0.0001 per Class A ordinary share, and that each right entitles holders to one-fifth (1/5) of one share upon business combination consummation. The related registration statement became effective January 30, 2026. Why it matters: This 8-K does not advance the redemption calendar, alter the trust account balance, propose a deadline extension, update deal progress, or disclose sponsor conduct changes. For investors tracking liquidation mechanics, the primary shift is structural liquidity: fractional rights become non-marketable until merger completion, and warrant exposure isolates to whole-share increments. Shareholders previously hedging or valuing unified units must now monitor three independent tickers with divergent volatilities. The press release maintains the company’s stated strategy to target acquisitions in digital assets, technology, and healthcare sectors, attributed to management’s core competencies, but provides no transaction timelines, target valuations, or revenue projections.

  • What changed: A Form 8-K current report announcing the consummation of SPACSphere Acquisition Corp.’s initial public offering of 17,250,000 units on February 9, 2026, accompanied by an audited balance sheet dated February 9, 2026 and extensive financial statement notes detailing the trust account, warrant and rights structure, private placement, founder share vesting, working capital loan provisions, and a going concern qualification from the independent auditor. The registrant disclosed that the IPO closed, depositing exactly $172,500,000 into the trust account and confirming that underwriters fully exercised their 45-day over-allotment option for 2,250,000 units, which permanently released 750,000 founder shares from forfeiture conditions. Simultaneously, the sponsor and direct institutional investors completed a private placement of 279,465 private placement units and 768,529 restricted class A ordinary shares for $2,794,650. Total transaction costs reached $14,280,684, broken down by the filing as a $1,293,750 cash underwriting fee (net of $2,156,250 in underwriter reimbursements), $12,075,000 in deferred underwriting commissions, and $911,934 in other offering costs. The filing details the issuance of 8,625,000 public warrants and 139,733 private placement warrants exercisable at $11.50 per share, alongside 3,450,000 public share rights and 55,893 private placement share rights entitling holders to one-fifth of a class A ordinary share upon combination. Per the sponsor support services agreement cited in the notes, the company will pay an affiliate $10,000 monthly for administrative overhead until combination or liquidation, while maintaining up to $1,000,000 in unsecured working capital loans available for potential conversion into private units. The independent registered public accounting firm Withum Smith+Brown, PC appended a going concern opinion, stating the company holds only $552,082 in cash equivalents and lacks sufficient operating capital to sustain activities beyond one year without completing a business combination or securing additional sponsor financing. Why it matters: Public shareholders now have the precise trust balance ($172,500,000) and the formal commencement of the 15-month combination window, during which the amended memorandum and articles of association restrict redemptions to a maximum of 15% of public shares per investor group without prior company consent. According to the underwriters' agreement referenced in the filing, sponsors will forfeit their $12,075,000 deferred commission if the company fails to close a deal, directly tying promoter compensation to deal execution rather than shareholder payouts. Founder share lock-ups persist until the earlier of one year post-combination or a liquidity event, with early release contingent on the stock reaching $12.00 for 20 of 30 trading days beginning at least 150 days after the combination, while warrant redemption triggers activate at $18.00 per share. The sponsor’s contractual liability to indemnify the trust account against third-party vendor claims provides a structural floor for per-share redemption values, though the disclosed accumulated deficit of $(11,586,852) and reliance on convertible working capital loans signal that operational runway remains tightly constrained until merger negotiations begin. Because the filing notes no target has been identified and no substantive discussions have occurred, the immediate mechanical focus rests entirely on capital maintenance, lock-up enforcement, and the timing of any forthcoming extension or proxy solicitation.

  • What changed: Form 3 — insider ownership report filed by director Mark Platshon with the SEC for SPACSphere Acquisition Corp. The filing states that director Platshon has no non-derivative transactions or holdings to report. There are no recorded purchases, sales, conversions, or exercises that would affect the $10.14 per share trust account balance, alter the 2027-05-09 business combination deadline schedule, trigger extension voting mechanisms, modify redemption pacing, or indicate a shift in sponsor or management positioning regarding the announced transaction. Why it matters: This routine statutory disclosure confirms the absence of insider equity movement immediately following the DEAN_ANNOUNCED status. For investors monitoring redemption deadlines, trust sufficiency, and sponsor conduct, the lack of reported transactions means no insider liquidation pressure that could deplete working capital ahead of shareholder votes or limit funds available for redemptions or merger consideration. The document makes no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel changes. Tracking priorities remain anchored to the target acquisition agreement, the $10.14 trust backing, and the 2027-05-09 expiration timeline rather than internal portfolio adjustments.

  • What changed: Routine compliance exhibit (Joint Filing Agreement/Exhibit A) attached to a Schedule 13G beneficial ownership report, executed by Harraden Circle Investments, LLC; Harraden Circle Investors GP, LP; Harraden Circle Investors GP, LLC; Harraden Circle Investors, LP; Harraden Circle Special Opportunities, LP; Harraden Circle Strategic Investments, LP; Harraden Circle Concentrated, LP; and Frederick V. Fortmiller, Jr., dated February 13, 2026. The signatory entities and their Managing Member formally agreed to file joint Schedule 13G statements regarding their beneficial ownership of SPACSphere Acquisition Corp. (SSAC). The document makes no changes to the redemption deadline of May 9, 2027, does not modify the $10.14 trust value per share, proposes no extension, provides no update on deal progress, and reports no change in sponsor conduct beyond establishing a unified reporting mechanism under Rule 13d-1(k). Why it matters: This procedural alignment confirms that the Harraden Circle vehicle network will track its SSAC position collectively, which simplifies how investors monitor aggregate voting weight and potential extension support without triggering a shift to Schedule 13D. The exhibit contains zero substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. While it introduces no mechanical shifts to the redemption calendar or trust distribution waterfall, it alerts trackers that affiliated capital blocks are operating under a single disclosure umbrella, preserving transparency for positions held through the balance of the announced deal timeline.

  • What changed: Joint Filing Agreement (routine compliance exhibit attached to Schedule 13G). Feis Equities LLC and Lawrence M. Feis executed a joint filing agreement to submit a single Schedule 13G dated February 9, 2026 on their collective behalf under Rule 13d-1(k), producing no alterations to redemption deadlines, trust value, the business combination timeline, deal progress, or sponsor conduct. Why it matters: This administrative measure solely consolidates beneficial ownership reporting obligations under the Securities Exchange Act of 1934 and does not interact with SPAC-specific mechanics. Aside from attributing the filing actions to Feis Equities LLC and Lawrence M. Feis, the document contains no substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel.

  • What changed: A Form 3 — insider ownership report submitted to the SEC for SPACSphere Acquisition Corp. This submission records zero non-derivative transactional activity or portfolio adjustments for Padmakumar Bala, who identifies himself in the filing as director, CEO & Chairman and 10% owner. With respect to the investor-tracking mechanics you monitor—the 2027-05-09 business combination deadline, the $10.14 per-share trust value, possible extension votes, merger negotiation progress, or sponsor/insider trading behavior—this document alters none of those parameters. It confirms that as of the 2026-02-09 filing date, insider equity distribution remains unchanged, meaning no fresh buy pressure or liquidation signals have emerged relative to the redemption calendar or trust preservation framework. Why it matters: For shareholders weighing redemption elections or timing around the May 2027 closing window, static insider holdings at a confirmed 10% stake suggest management is not deploying private capital to influence vote outcomes or shore up liquidity ahead of a business combination announcement. The filing contains no operational claims regarding target customers, revenue streams, addressable market size, technology roadmaps, strategic alliances, litigation posture, or executive compensation adjustments; all descriptive assertions originate exclusively from the SEC filing’s internal identification of Bala’s roles and ownership percentage. In the absence of executive interviews, earnings releases, or merger definitive agreements in this cycle, this Form 3 serves as a control point proving sponsor alignment has neither tightened nor loosened since the last recorded position.

  • What changed: A routine compliance exhibit formatted as an SEC Form 3, which serves as an initial statement of beneficial ownership under Section 16(a) of the Securities Exchange Act for SPACSphere Acquisition Corp. FIRST, as recorded by reporting person Ryde Magnus, the submission states there are 'No non-derivative transactions or holdings reported.' THEN, concerning your tracked mechanics, the filing neither moves the 2027-05-09 redemption deadline, adjusts the $10.14 trust value per share, proposes a continuation period or extension vote, updates announced deal progress, nor indicates any change in sponsor fiduciary behavior or compensation. THEN, regarding substantive corporate developments, the text contains no assertions about customers, revenue streams, addressable market size, proprietary technology, commercial partnerships, executive appointments, or pending litigation beyond standard registrant identification. Why it matters: Because the disclosure confirms zero reported changes in insider equity positions, it delivers no actionable signal regarding management alignment at the redemption price, leverage over public shareholders, or confidence in closing the announced combination. The filing operates strictly as a regulatory inventory of holdings rather than a corporate action notice, meaning it requires no revision to the redemptions calendar, trust accounting models, or merger execution timelines. Investors should anticipate that material catalysts for SSAC will surface through S-4 amendments, tentative business combination agreements, special meeting notices, or subsequent Section 16 reports once transaction-linked securities vest or transfer.

  • What changed: 8-K filed by SPACSphere Acquisition Corp. (SSAC) on February 9, 2026, reporting the consummation of its initial public offering (IPO) of 17,250,000 units at $10.00 per unit, generating gross proceeds of $172,500,000, and the simultaneous closing of a private placement of 279,465 private placement units and 768,529 restricted Class A ordinary shares for $2,794,650. The SPAC completed its IPO and private placement, depositing $172,500,000 into a trust account ($10.00 per unit). The trust will be released only upon the earliest of: (i) completion of an initial business combination, (ii) failure to complete a business combination within 15 months from the closing of the IPO (May 9, 2027) or any applicable extension period, or (iii) redemption of public shares in connection with a charter amendment. The SPAC is now a blank-check company with a 15-month deadline to find a target. The company issued 5,750,000 Class B founder shares to the sponsor (subject to forfeiture if over-allotment not fully exercised), and entered into lock-up, registration rights, and administrative services agreements. The company intends to focus on digital assets, technology, and healthcare industries. Why it matters: This filing establishes the SPAC's capital structure and trust account, providing investors with the key mechanics for redemption deadlines, trust value ($10.00 per share), and the timeline for a business combination. The large trust size ($172.5M) and the management team's stated focus on digital assets, technology, and healthcare signal potential targets. The lock-up agreements and sponsor conduct terms (including forfeiture of founder shares if over-allotment not fully exercised) are standard but important for assessing sponsor alignment.

  • What changed: A Form 3 insider ownership report, classified as a routine compliance exhibit submitted to the SEC. The filing states there are 'No non-derivative transactions or holdings reported,' meaning the redemption deadline, trust value, extension status, deal progress, and sponsor conduct face no mechanical alteration from this submission. Why it matters: According to the SEC filing, the only personnel data disclosed identifies the reporting individual as a 'director, CFO, 10% owner.' The document makes no claims regarding customers, revenue, market size, strategy, technology, partnerships, or litigation. Because the form records zero transactional activity, it provides no new signals about insider capital allocation or management alignment ahead of the stated timeline, serving instead as a baseline governance record that confirms existing equity positions without introducing new variables for redemption or extension analysis.

  • What changed: A routine compliance exhibit—an SEC Form 3 initial insider beneficial ownership report. Director Kathleen C. Cuocolo filed the Form 3 on February 9, 2026, disclosing no non-derivative transactions or holdings for SPACsphere Acquisition Corp. Why it matters: The filing confirms ongoing insider registration tracking but does not touch the redemption deadline of May 9, 2027, the per-share trust value of $10.14, deal execution, or sponsor behavior. No equity transfers, conversion events, or trust account movements are recorded, meaning investor redemption parameters remain unaltered.

  • What changed: A Form 424B4 prospectus filed pursuant to Rule 424(b)(4) registering the initial public offering of 15,000,000 units of SPACSphere Acquisition Corp. This filing establishes baseline mechanics rather than amending prior terms. The prospectus specifies that $10.00 per unit ($150,000,000 total, or $172,500,000 if the underwriters’ over-allotment option is exercised in full) will be deposited into a U.S. trust account maintained by Odyssey Transfer and Trust Company. Redemption is priced at the aggregate trust balance as of two business days prior to consummation, net of permitted withdrawals. Why it matters: The document materializes severe structural misalignments between sponsor compensation and public shareholder outcomes. Because the prospectus discloses that the sponsor’s foundational investment costs approximately $0.004 per share and that $2,794,650 in private placement units and restricted shares would expire worthless without a transaction, the filing itself warns this creates an economic incentive for sponsors, officers, and directors to pursue combinations even with targets that subsequently decline in value or prove unprofitable for public investors.

  • What changed: Current Report on Form 8-K (including as an exhibit the Amended and Restated Memorandum and Articles of Association) filed by SPACSphere Acquisition Corp. upon the effectiveness of its registration statement in connection with its initial public offering. The filing reports that on January 30, 2026, upon the effectiveness of its registration statement and the closing of its IPO, the company adopted its Amended and Restated Memorandum and Articles of Association, which had been conditionally approved by special resolution of the shareholders on that date. It also reports the directors who became members of the board on that date: Kathleen Cuocolo, Magnus Ryde, and Mark Platshon, each determined to be independent, and the composition of the audit and compensation committees. Why it matters: This filing formalizes the SPAC's governing documents and board structure immediately after its IPO. As the trust value is stated as $10.14 per share, the charter's redemption provisions (Article 51) establish the key deadlines: public shareholders have redemption rights in connection with a business combination, and if no deal is completed within 15 months from the IPO closing (or up to 21 months with member approval), the trust will be automatically redeemed. The filing also shows that pre-business combination, only Class B shareholders can vote to appoint or remove directors.

  • What changed: Form 8-A for registration of certain classes of securities pursuant to Section 12(b) of the Securities Exchange Act of 1934. No change to redemption deadlines, trust value, extensions, deal progress, or sponsor conduct. The filing registers four security classes: units (each comprising one Class A ordinary share, one-half of one redeemable public warrant, and one right to receive one-fifth of one Class A ordinary share), Class A ordinary shares with a par value of $0.0001 per share, whole warrants exercisable for one Class A ordinary share at an exercise price of $11.50 subject to adjustment, and rights entitling holders to one-fifth of one Class A ordinary share. Chief Executive Officer and Chairman Bala Padmakumar signed and dated the document January 30, 2026. Why it matters: Although the document contains no substantive claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel, it procedurally finalizes Nasdaq listing mechanics by incorporating the security definitions from the initial Form S-1 (File No. 333-290414) initially filed September 19, 2025. The registrant, SPACSphere Acquisition Corp., presents these terms as factual; because it lacks forward-looking business assertions or sponsor conduct disclosures, it carries minimal near-term event risk but locks in the regulatory framework for the listed securities, confirming instrument composition and dilution parameters without shifting redemption calculus.

  • What changed: Amendment No. 3 to Form S-1 (registration statement under the Securities Act) for SSAC's initial public offering of 15,000,000 units at $10.00 per unit, each consisting of one Class A ordinary share, one-half redeemable warrant, and one right to receive one-fifth of a Class A ordinary share upon a business combination. The prospectus is preliminary and subject to completion. This amendment updates the preliminary prospectus to include unaudited financial statements as of September 30, 2025, and audited financial statements as of June 30, 2025. It finalizes the offering structure, including the private placement allocation among managing sponsor members, non-managing sponsor members (institutional and individual), and direct institutional investors. The right component was revised from one-seventh to one-fifth per subsequent event note. The trust amount remains $150,000,000 (before over-allotment) with initial per-share trust value of $10.00. The deadline for business combination is 15 months from closing (estimated May 2027), extendable by up to two additional three-month periods with shareholder vote. Sponsor founder shares are 25% of post-offering shares, higher than typical 20%. The filing also provides detailed historical SPAC performance of CEO Padmakumar (ConnectM closing price $0.27, multiple liquidated SPACs) and CFO Das. Why it matters: Investors can now assess the final terms of the SSAC IPO before effectiveness. Key items: (1) initial trust per-share value is $10.00, but likely ~$10.14 with interest; (2) sponsor and insiders hold 25% of post-offering shares, causing significant dilution; (3) deadline is 15 months from closing (through May 2027) with possible extensions; (4) private placement includes restricted shares surrendered for nil if no deal, creating strong sponsor incentive to close any deal; (5) management's track record shows multiple prior SPACs that liquidated or had poor post-combination performance, increasing risk for public shareholders.

  • What changed: Amendment No. 2 to Form S-1 registration statement for the initial public offering of SPACSphere Acquisition Corp., a blank check company formed to effect a business combination. Compared to the prior filing, this amendment updates the financial statements to include an unaudited balance sheet as of September 30, 2025; revises the private placement terms to include 279,465 private placement units and 768,529 restricted Class A ordinary shares at an aggregate price of $2,794,650; introduces four categories of private placement investors (institutional non-managing sponsor members, individual non-managing sponsor members, direct institutional investors, and managing sponsor members); specifies that each unit consists of one Class A share, one-half warrant, and one right to receive one-fifth of a Class A share (changed from one-seventh); and provides that the sponsor will sell 500,000 founder shares to direct institutional investors and issue Class A membership units representing 1,894,650 founder shares to non-managing sponsor members. Why it matters: This is the registration statement for the SPAC's IPO, establishing the trust account size ($150 million, or $172.5 million with over-allotment), unit composition, private placement structure, sponsor economics, and redemption mechanics. It also sets the deadline for completing a business combination (15 months from closing, extendable to 21 months) and details the significant dilution to public shareholders from the sponsor's nominal purchase price of $0.004 per founder share. The filing is material for investors assessing trust value, redemption terms, sponsor conduct, and deal timeline.

  • What changed: Amendment No. 1 to Registration Statement on Form S-1 (S-1/A) for SPACSphere Acquisition Corp.'s initial public offering of units, each consisting of one Class A ordinary share, one-half of one redeemable warrant, and one right to receive one-fifth of a Class A ordinary share upon a business combination. Compared to the initial S-1 filed September 19, 2025, this amendment: (i) revises the rights component per unit from one-seventh to one-fifth of a Class A ordinary share; (ii) adds a new class of restricted Class A ordinary shares for the sponsor (698,663 shares) and revises the private placement to include both units and restricted shares; (iii) updates financial statements to include unaudited figures as of September 30, 2025 and the period from inception through that date; (iv) incorporates updated Underwriting Agreement, Warrant Agreement, Rights Agreement, and other exhibits; and (v) revises risk factors and disclosure to reflect the new unit structure and private placement terms. Why it matters: This is the final prospectus for the IPO. The revised rights ratio and inclusion of restricted shares change the economic terms for investors. The updated financials show a working capital deficit and a going-concern qualification from the auditor, underscoring the need for the IPO proceeds. The filing provides full detail on lock-ups, redemption mechanics, sponsor incentives, and potential conflicts of interest. For tracking IPO progress, it confirms the offering structure and pricing ($10.00/unit, $150M trust). No Business Combination target is identified.

The complete SSAC filing history on EDGARopens on sec.gov in a new tab


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.