WQGA SEC filings, in plain English
Everything World Quantum Growth 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.
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What changed: World Quantum Growth Acquisition Corp. called an extraordinary general meeting for February 8, 2023 at 9 a.m. Eastern to extend the deadline to June 13, 2023 and to allow the board, without another shareholder vote, to extend four further months to October 13, 2023, together with a redemption limitation amendment. Based on about $209,428,035 in the trust on January 20, 2023, the anticipated per-share redemption price is about $10.26, against a New York Stock Exchange close of $10.24 for the public shares that day. Redemption must be demanded before 5:00 P.M. Eastern on February 6, 2023. Why it matters: The trust is fully intact at about $209.4 million and the $10.26 per-share floor sits two cents above the $10.24 market price, so redeeming is marginally better than selling and the cash exit is real. The company warns there may not be sufficient liquidity to sell public shares in the open market even at a premium to the redemption price, which makes the February 6 demand deadline the decision that matters. Removing the net tangible asset limitation means the trust can be drawn down without a floor if the extension passes.
- What changed vs 2022-08-08trust $206.0M → $207.2M +1%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $206.0M$207.2M
- Combination deadline
- 2023-02-13 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $300K · unchanged
- Redeemable shares
- 20.4M · unchanged
SpacBrain reads this as $1,229,829 was added to the trust between the two filings.
The clause “0 508,049 Total current assets 410,279 1,218,319 Cash and marketable securities held in Trust Account 207,248,719 206,018,890 Long-term prepaid expenses — 57,530 Total Assets $ 207,658,998 $ 207,294,739 Liabilities, Redeemable Ordinary”…
The clause …“will be available to us on commercially acceptable terms, if at all. We have until February 13, 2023 (unless an amendment to such date is approved in accordance with the amended and restated memorandum and articles of association)”…
The clause “014-15, “Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern,” management has determined that mandatory liquidation, and subsequent dissolution, should the Company be unable to complete a business”…
The clause “December 31, 2021 or the closing of the IPO. Prior to the IPO, the Company had borrowed $ 300,000 under the promissory note and was fully repaid on August 13, 2021 15 from the proceeds of the IPO not held in the Trust Account. At”…
The clause …“500,000,000 shares authorized, no shares issued and outstanding, excluding 20,395,000 shares subject to possible redemption at Septembe r 30, 2022 and December 31,2021 — — Class B ordinary shares, $ 0.0001 par value, 50,000,000”…
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 2022-05-17trust $206.1M → $206.0M -0%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $206.1M$206.0M
- Combination deadline
- 2023-02-13 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $300K · unchanged
- Redeemable shares
- 20.4M · unchanged
SpacBrain reads this as $55,358 left the trust between the two filings.
The clause …“At June 30 , 2022 and December 31, 2021, the company had $ 206,205,323 and $ 206,018,890 in assets held in the Trust Account which were held in U.S. Treasury Bills with a maturity of 185 days or less and in money market funds which”…
The clause …“will be available to us on commercially acceptable terms, if at all. We have until February 13, 2023 to consummate a Business Combination. It is uncertain that we will be able to consummate a Business Combination by either date.”…
The clause “014-15, “Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern,” management has determined that mandatory liquidation, and subsequent dissolution, should the Company be unable to complete a business”…
The clause “December 31, 2021 or the closing of the IPO. Prior to the IPO, the Company had borrowed $ 300,000 under the promissory note and was fully repaid on August 13, 2021 from the proceeds of the IPO not held in the Trust Account. At June 30 ,”…
The clause …“500,000,000 shares authorized, no shares issued and outstanding, excluding 20,395,000 shares subject to possible redemption at June 30 , 2022 and December 31,2021 — — Class B ordinary shares, $ 0.0001 par value, 50,000,000 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 vs 2021-11-18trust $206.0M → $206.1M +0%going concern APPEARED
trust account, going-concern doubt, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $206.0M$206.1M
- Going-concern doubt
- not statedstated
- Combination deadline
- not previously extracted2023-02-13
- Sponsor loans outstanding
- $300K · unchanged
- Redeemable shares
- 20.4M · unchanged
SpacBrain reads this as $75,187 was added to the trust between the two filings.
The clause “508,049 Total current assets 1,058,026 1,218,319 Cash and marketable securities held in Trust Account 206,074,248 206,018,890 Long-term prepaid expenses — 57,530 Total Assets $ 207,132,274 $ 207,294,739 Liabilities, Redeemable Ordinary”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause “014-15, “Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern,” management has determined that mandatory liquidation, and subsequent dissolution, should we be unable to complete a business combination,”…
The clause …“will be available to us on commercially acceptable terms, if at all. We have until February 13, 2023 to consummate a Business Combination. It is uncertain that we will be able to consummate a Business Combination by either date.”…
The clause “December 31, 2021 or the closing of the IPO. Prior to the IPO, the Company had borrowed $ 300,000 under the promissory note and was fully repaid on August 13, 2021 from the proceeds of the IPO not held in the Trust Account. At March 31,”…
The clause …“500,000,000 shares authorized, no shares issued and outstanding, excluding 20,395,000 shares subject to possible redemption at March 31, 2022 and December 31,2021 — — Class B ordinary shares, $ 0.0001 par value, 50,000,000 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.
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.