VCXB SEC filings, in plain English
Everything 10X Capital Venture Acquisition Corp. III 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: 10X Capital Venture Acquisition Corp. III called an extraordinary general meeting for July 11, 2024 at 10:00 a.m. ET at its offices to extend the deadline to complete an initial business combination, the board having concluded there may not be sufficient time before July 14, 2024. Based on $22,608,776 held in trust as of June 6, 2024, it estimates a per-share redemption price of approximately $11.02 at the meeting, against a Class A closing price of $10.99 on June 27, 2024. If approved, a further shareholder meeting is planned before the extended date. Why it matters: The trust floor of about $11.02 per share sits three cents above the $10.99 market price, so public holders can redeem at deposited value regardless of how they vote, and redemption is available whether or not they vote at all. Payouts are reduced by taxes payable and up to $100,000 of interest reserved for dissolution expenses. With $22.6 million in trust and no named target disclosed in this document, the extension buys time for a deal the company has not yet put to shareholders, and the promised follow-up meeting is where that decision will actually be made.
What changed vs 2023-09-28deadline 2024-07-14 → 2025-01-14combination deadline1 moved
- Combination deadline
- 2024-07-142025-01-14
SpacBrain reads this as 184 days later than the previous record.
The clause …“in its place: “49.7 In the event that the Company does not consummate a Business Combination on or before January 14, 2025, the Company shall: (a) cease all operations except for the purpose of winding up; (b) as promptly as”…
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 2023-08-21deadline 2023-10-14 → 2024-07-14
combination deadline, trust account, going-concern doubt +21 moved · 4 with no prior record of ours
- Combination deadline
- 2023-10-142024-07-14
- Trust account
- $308.7M · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $250K · unchanged
- Redeemable shares
- 4.06M · unchanged
SpacBrain reads this as 274 days later than the previous record.
The clause …“the redemption of the Public Shares if we are unable to complete the initial business combination by July 14, 2024 (the “Combination Period”), subject to applicable law, and (iii) the redemption of the Public Shares properly submitted”…
The clause …“$ 43,170,595 $ 43,170,595 $ — $ — December 31, 2022 Assets Investments held in Trust Account: Money Market investments $ 308,661,515 $ 308,661,515 $ — $ — Subsequent to the redemption of Class A ordinary shares in January 2023,”…
The clause …“financial statements are issued, as such, the events and circumstances raise substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities”…
The clause “Capital Loans. As of September 30, 2023 and December 31, 2022, there was $0 and $250,000 outstanding under the Working Capital Loans, respectively. Based upon the analysis above, our management has determined that we do not have”…
The clause “1,252 . The payment of these shares took place on January 18, 2023, after which 4,056,190 Class A ordinary shares subject to possible redemption remained outstanding. On October 12, 2023, the holders of 2,014,907 Class A ordinary shares”…
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: The original Form S-4 of 10X Capital Venture Acquisition Corp. III, a Cayman Islands exempted company, carrying a preliminary proxy statement/prospectus dated November 13, 2023. It registers 69,654,197 shares of common stock and 15,576,490 warrants of 10X III after its domestication as a Delaware corporation, to be renamed Addimmune Inc. The board unanimously approved the Business Combination under an Agreement and Plan of Merger dated August 9, 2023 among 10X III, 10X AGT Merger Sub, LLC and American Gene Technologies International Inc. Why it matters: The registered ceiling is 69,654,197 shares plus 15,576,490 warrants — the warrant leg is roughly 22% of the share leg and is a separate claim on the equity. The domestication is required to complete at least one day before closing, so it is a sequenced precondition rather than a simultaneous step, and shareholders vote on it separately from the business combination itself. No vote date is stated in this portion.
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.