VectoIQ Acquisition Corp. II
VTIQ · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The cash went back to shareholders and the company wound up. 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 trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
In plain terms
- What it is
- A SPAC from VectoIQ Holdings II, LLC, listed on Nasdaq in January 2021.
- What it's doing now
- It never completed a purchase. The company wound up and the cash in the account went back to shareholders — the ordinary ending when a SPAC runs out of time. No agreed deal for it is on file with us, so we cannot say whether one was ever announced and later fell through.
- What you should know
- This SPAC has finished. The cash was paid back to shareholders and the company wound up, so there is nothing left to claim — the money went where the charter said it would.
At a glance
- Where it stands
- Liquidated
- Deal
- none — it wound up and returned the cash instead
- Industry
- no filing we hold states a sector this SPAC restricted its search to
- Deal value
- no deal to value — it wound up instead
- 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
- 8 January 2021
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 1354 FLAGLER DRIVE, MAMARONECK, NY, 10543
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Girsky Stephen J (Chief Executive Officer) · Prior Sherwin (Director) · Sulam Marc (Director)
- Listed securities
- VTIQ 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 trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
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.
- 8 January 2021IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsVTIQ 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
VectoIQ Acquisition Corp. II was a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker VTIQ. The company priced its initial public offering on January 8, 2021, under SEC SIC industry code 6770, with each unit comprising one warrant for one-fifth of a share, $10 held in trust per unit, and a 24-month deadline to complete a business combination. In an 8-K filed on December 2, 2022, the company announced it would redeem all outstanding Class A common stock effective December 12, 2022, and subsequently liquidated, returning the trust cash to shareholders. The VTIQ ticker appears on the cover page of an 8-K filed on December 15, 2022.
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.
The board is winding the vehicle up early rather than using the letter-of-intent extension it was entitled to, which tells VTIQ holders no credible target was in hand. Completing the redemption in December 2022 keeps it clear of the 1% excise tax that attaches from January 1, 2023, preserving roughly ten cents a share at par. Removing the Redemption Limitation is the mechanical step that allows a full return of the trust.
The audited balance sheet describes a formation-stage shell, but the MD&A also presents a post-IPO position that is easy to mistake for reported data: 34,500,000 Class A shares outstanding, 32,950,647 of them redeemable at $10.00 for $329,506,471, and $12,075,000 of deferred underwriting. The IPO on January 11, 2021 placed $345,000,000 in trust and left cash of $1,702,728 and net working capital of $1,081,472. The deadline is January 11, 2023, extending to April 11, 2023 if a definitive agreement is signed by then.
The reporting period predates the January 2021 IPO, so the cover-page count of 34,500,000 Class A shares at February 22, 2021 has no balance-sheet counterpart. Management does include a post-IPO balance sheet inside Item 2 showing total assets of $347,202,728, 32,950,647 Class A shares redeemable at $10.00 for $329,506,471, deferred underwriting of $12,075,000 and equity of exactly $5,000,001. That presentation is outside the audited statements and is dated after the period, so treat it as indicative rather than as reported period data.
The outside date is conditional: 24 months from the closing of the offering, or 27 months if a letter of intent, agreement in principle or definitive agreement for an initial business combination has been executed within those 24 months. Warrant coverage is one-fifth of a warrant per unit. The call is a single $18.00 regime — in whole at $0.01 per warrant on a minimum 30 days' notice, only if the last reported sale price is at or above $18.00 for any 20 trading days in a 30-trading-day period ending on the third trading day before the notice.
The outside date is conditional rather than fixed: 24 months from the closing of the offering, or 27 months if a letter of intent, agreement in principle or definitive agreement has been executed within those first 24 months — three extra months that arrive by contract, not by a vote. The warrant call is a single $18.00 regime: in whole and not in part, at $0.01 per warrant, on a minimum 30 days' notice, and only if the last reported sale price of the Class A common stock is at or above $18.00 for any 20 trading days within a 30-trading-day period.
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.
Show the other 10 filings
What changed: VectoIQ Acquisition Corp. II called a special meeting for December 9, 2022 at 11:00 a.m. local time at Greenberg Traurig, LLP in McLean, Virginia, to change the date by which it must consummate a business combination from January 11, 2023, or April 11, 2023 if a letter of intent or definitive agreement were executed by January 11, 2023, to an Accelerated Termination Date immediately following the filing of the amendment in Delaware. Why it matters: The board is winding the vehicle up early rather than using the letter-of-intent extension it was entitled to, which tells VTIQ holders no credible target was in hand. Completing the redemption in December 2022 keeps it clear of the 1% excise tax that attaches from January 1, 2023, preserving roughly ten cents a share at par. Removing the Redemption Limitation is the mechanical step that allows a full return of the trust.
- What changed vs 2022-08-12trust $345.9M → $346.7M +0%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $345.9M$346.7M
- Combination deadline
- 2023-01-11 · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus its search on the industrial te… · unchanged
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as $793,413 was added to the trust between the two filings.
The clause “907 Non-current assets Cash and marketable securities held in trust account 346,681,932 345,122,968 Total assets $ 346,894,723 $ 346,110,875 Liabilities and stockholders’ deficit ”…
The clause …“of intent, agreement in principle or definitive agreement for an initial business combination on or before January 11, 2023). If implemented, the Charter Amendment would also allow the Company to remove the Redemption Limitation”…
The clause …“Condensed Interim Financial Statements subsequent dissolution raises substantial doubt about the Company’s ability to continue as a going concern. The Company’s plan is to complete a business combination or obtain an extension”…
The clause …“200,000,000 shares authorized; 900,000 issued and outstanding excluding 34,500,000 shares subject to possible redemption 90 90 Class B Common stock, $ 0.0001 par value; 20,000,000 shares authorized; 8,625,000 shares issued and”…
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 2022-05-16trust $345.2M → $345.9M +0%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $345.2M$345.9M
- Combination deadline
- 2023-01-11 · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- the Company intends to focus its search on the industrial te… · unchanged
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as $723,248 was added to the trust between the two filings.
The clause “907 Non-current assets Cash and marketable securities held in trust account 345,888,519 345,122,968 Total assets $ 346,193,087 $ 346,110,875 Liabilities and stockholders’ equity ”…
The clause …“ability to continue as a going concern. The Company’s plan is to complete a business combination or obtain an extension on or prior to January 11, 2023, however it is uncertain that the Company will be able to consummate a Business”…
The clause …“is not requested by the Sponsor, and potential subsequent dissolution raises substantial doubt about the Company’s ability to continue as a going concern. The Company’s plan is to complete a business combination or obtain an extension”…
The clause …“200,000,000 shares authorized; 900,000 issued and outstanding excluding 34,500,000 shares subject to possible redemption 90 90 Class B common stock, $ 0.0001 par value; 20,000,000 shares authorized; 8,625,000 shares issued and”…
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 2021-12-09trust $345.1M → $345.2M +0%going concern APPEARED
trust account, going-concern doubt, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $345.1M$345.2M
- Going-concern doubt
- not statedstated
- Combination deadline
- not previously extracted2023-01-11
- Mandate language
- the Company intends to focus its search on the industrial te… · unchanged
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as $82,988 was added to the trust between the two filings.
The clause “907 Non-current assets Cash and marketable securities held in trust account 345,165,271 345,122,968 Total assets $ 345,731,022 $ 346,110,875 Liabilities and shareholders’ deficit ”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“is not requested by the Sponsor, and potential subsequent dissolution raises substantial doubt about the Company’s ability to continue as a going concern. The Company’s plan is to complete a business combination or obtain an extension”…
The clause …“ability to continue as a going concern. The Company’s plan is to complete a business combination or obtain an extension on or prior to January 11, 2023, however it is uncertain that the Company will be able to consummate a Business”…
The clause …“200,000,000 shares authorized; 900,000 issued and outstanding excluding 34,500,000 shares subject to possible redemption 90 90 Class B Common stock, $ 0.0001 par value; 20,000,000 shares authorized; 8,625,000 shares issued and”…
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.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
VectoIQ Holdings II, 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 1284 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
Unit: U = S + W/5 · 100.0% of the $10 unit
from 424B4 0001104659-21-002565
Trading & liquidity
Company profile
Directors & officers
- Girsky Stephen JChief Executive Officer
- Prior SherwinDirector
- Sulam MarcDirector
- Lynch Richard J.Director
- Hallac Sarah W.Director
- Luxenberg-Grant MindyTreasurer and Secretary
- SHINDLER STEVEN MChief Financial Officer
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
5 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.
- VectoIQ Holdings II, LLCwith 1 other reporting person on the same schedule21.5% · SC 13DJan 21, 2021 stale
- P SCHOENFELD ASSET MANAGEMENT LPwith 1 other reporting person on the same schedule0.0% · SC 13GFeb 14, 2023 stale
- Apollo Management Holdings GP, LLCwith 10 other reporting persons on the same schedule0.0% · SC 13G/AFeb 14, 2023 stale
- Centerbridge Credit Partners Master, L.P.with 7 other reporting persons on the same schedule0.0% · SC 13G/AJan 12, 2023 stale
- Karpus Management, Inc.0.0% · SC 13G/AFeb 12, 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
39 full SEC filing texts archived — searchable, never lost.
- Vault note — VTIQ (VectoIQ Acquisition Corp. II)
vault-note · /vault/tickers/VTIQ
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 trail2 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 the HISTORICAL census (EDGAR's SIC 6770 registrant list, walked in full: 3,325 registrants, 1,167 of which ever priced an IPO). The live discovery job cannot reach this registrant — it reads the filing tape, and this one stopped filing. Admission rule: src/lib/universe-admit.ts. SIC 6770 (Blank Checks); 424B 0001104659-21-002565 priced 2021-01-08; common ticker VTIQ off 8-K 0001104659-22-127367 (2022-12-15); lifecycle EXITED. Ending PROVEN, not inferred: LIQUIDATED per 8-K 0001104659-22-124142 (2022-12-02) — announced redemption of all public shares: “…will redeem all of its outstanding Class A common stock, par value $0.0001 (the "Class A common stock"), effective as of December 12, 2022, because the Company will not consummate an initial business combination within the time period required by its Charter, as amended pursuant to the Charter Amendment Proposal, if ap…”. 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 "VectoIQ Holdings II, LLC" sourced from prospectus definition (10-K/A) acc 0001104659-22-048451.