VCVC SEC filings, in plain English
Everything 10X Capital Venture Acquisition Corp has filed with the SEC that we hold — 40 filings, newest first, 1 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
What changed: 10X Capital Venture Acquisition Corp issued definitive merger materials for a special meeting on the Agreement and Plan of Merger dated February 3, 2021 with REE Automotive Ltd., an Israeli company, and Spark Merger Sub Inc. Merger Sub merges into 10X Capital, which survives as a wholly owned subsidiary of REE, and 10X Capital's securityholders become securityholders of REE. The document is also a prospectus for up to 28,056,250 REE ordinary shares, 15,562,500 warrants and the 15,562,500 ordinary shares issuable on their exercise. Why it matters: REE restructures its own capital before the merger so that the exchange lands on a round number: its preferred shares convert into Class A Ordinary Shares, and REE then effects a stock split calculated so that each Class A Ordinary Share has a value of $10.00 per share after the split. The $10.00 is therefore a construct of the Capital Restructuring, not a market price. A 10X Capital holder ends up holding shares of an Israeli company, with the SPAC surviving beneath it as a wholly owned subsidiary.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- no earlier filing2021-08-15
SpacBrain reads this as the agreement may be terminated from 2021-08-15.
The clause …“SPAC or the Company if the Transactions shall not have been consummated by August 15, 2021 (the “ Outside Date ”); provided , however , that the right to terminate this Agreement under this Section 8.01(b) shall not be available to”…
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.