WRAC SEC filings, in plain English
Everything Williams Rowland Acquisition Corp. 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 vs 2023-08-22trust $36.6M → $27.2M -26%deadline 2023-08-29 → 2023-11-29shares 3.47M → 2.60M -25%
trust account, combination deadline, redeemable shares +23 moved · 2 with no prior record of ours
- Trust account
- $36.6M$27.2M
- Combination deadline
- 2023-08-292023-11-29
- Redeemable shares
- 3.47M2.60M
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $300K · unchanged
SpacBrain reads this as $9,364,152 left the trust between the two filings.
The clause …“124,966 214,912 Total current assets 226,166 698,849 Cash and Investments held in trust account 27,210,314 35,902,882 Total Assets $ 27,436,480 $ 36,601,731 Liabilities and Stockholders’ Deficit Current Liabilities Accounts payable”…
SpacBrain reads this as 92 days later than the previous record.
The clause …“toward consummating a Business Combination. If we are unable to complete a Business Combination by November 29, 2023 which date may be extended on a monthly basis to no later than March 29, 2024 (the “Combination Period”), we will”…
SpacBrain reads this as 868,870 shares are no longer redeemable.
The clause “0,000,000 shares authorized; 5,750,000 shares issued and outstanding (excluding 2,597,265 and 3,466,135 shares subject to possible redemption) 575 575 Additional paid-in capital — — Accumulated deficit ( 9,506,152 ) ( 8,228,074 ) Total”…
The clause “014-15, “Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern”, management has determined that liquidity issues and capital constraints as described above, in addition to the mandatory liquidation, and”…
The clause …“consummates an initial business combination and January 26, 2023. The Company borrowed $ 300,000 under this promissory note which was outstanding as of September 30, 2023 and December 31, 2022. On January 20, 2023, the terms of”…
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 2023-05-22trust $36.2M → $36.6M +1%deadline 2023-07-29 → 2023-08-29
trust account, combination deadline, going-concern doubt +22 moved · 3 with no prior record of ours
- Trust account
- $36.2M$36.6M
- Combination deadline
- 2023-07-292023-08-29
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $300K · unchanged
- Redeemable shares
- 3.47M · unchanged
SpacBrain reads this as $417,614 was added to the trust between the two filings.
The clause …“68,753 214,912 Total current assets 266,294 698,849 Cash and Investments held in trust account 36,574,466 35,902,882 Total Assets $ 36,840,760 $ 36,601,731 Liabilities and Stockholders’ Deficit Current Liabilities Accounts payable”…
SpacBrain reads this as 31 days later than the previous record.
The clause …“toward consummating a Business Combination. If we are unable to complete a Business Combination by August 29, 2023 which date may be extended on a monthly basis to no later than March 29, 2024 (the “Combination Period”), we will (i)”…
The clause “014-15, “Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern”, management has determined that liquidity issues and capital constraints as described above, in addition to the mandatory liquidation, and”…
The clause …“consummates an initial business combination and January 26, 2023. The Company borrowed $ 300,000 under this promissory note which was outstanding as of June 30, 2023 and December 31, 2022. On January 20, 2023, the terms of repayment of”…
The clause “0,000,000 shares authorized; 5,750,000 shares issued and outstanding (excluding 3,466,135 shares subject to possible redemption) 575 575 Additional paid-in capital — — Accumulated deficit ( 9,197,056 ) ( 8,228,074 ) Total Stockholders’”…
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: Williams Rowland Acquisition Corp. called a special meeting after holders had already extended its original January 29, 2023 deadline to July 29, 2023 at a December 22, 2022 vote. The new extension amendment would add up to eight further months to March 29, 2024, a total of up to 33 months after the IPO. Contributions are capped at an aggregate $400,000 if every monthly extension is exercised, made one business day after it announces each extension and evidenced by unsecured promissory notes. On the June 21, 2023 record date there were 9,216,135 shares of common outstanding. Why it matters: An aggregate contribution cap of $400,000 across eight months is minimal support: spread over the remaining public shares it adds only a few cents in total to the redemption value, so holders are being asked to wait almost a year for negligible accretion. The obligation to contribute terminates entirely in defined circumstances, meaning even that support is not assured. A companion redemption limitation amendment removes the net tangible asset floor. With no target named in this document, redemption at pro rata trust value is the concrete option on the table.
What changed vs 2022-12-06deadline 2023-07-29 → 2024-03-29combination deadline1 moved
- Combination deadline
- 2023-07-292024-03-29
SpacBrain reads this as 244 days later than the previous record.
The clause “HE “EXTENSION”) EIGHT (8) TIMES FOR AN ADDITIONAL ONE (1) MONTH EACH TIME UNTIL MARCH 29, 2024 IF APPROVED BY THE COMPANY’S BOARD OF DIRECTORS. For ☐ Against ☐ Abstain ☐ 1. PROPOSAL 2. REDEMPTION LIMITATION AMENDMENT PROPOSAL — APPROVAL”…
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 2022-11-14trust $236.0M → $36.2M -85%deadline 2023-01-29 → 2023-07-29sponsor loan $375K → $300Kshares 23.0M → 3.47M -85%
trust account, combination deadline, sponsor loans outstanding +24 moved · 1 with no prior record of ours
- Trust account
- $236.0M$36.2M
- Combination deadline
- 2023-01-292023-07-29
- Sponsor loans outstanding
- $375K$300K
- Redeemable shares
- 23.0M3.47M
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $199,887,663 left the trust between the two filings.
The clause …“184,840 214,912 Total current assets 187,514 698,849 Cash and Investments held in trust account 36,156,852 35,902,882 Total Assets $ 36,344,366 $ 36,601,731 Liabilities and Stockholders’ Deficit Current Liabilities Accounts payable”…
SpacBrain reads this as 181 days later than the previous record.
The clause “Company must complete an initial business combination from January 29, 2023 to July 29, 2023 (or, if not a business day, to the next business day (the “Extended Date”). In connection with the approval of the Extension Amendment, the”…
SpacBrain reads this as $75,000 of sponsor debt has come off.
The clause …“consummates an initial business combination and January 26, 2023. The Company borrowed $ 300,000 under this promissory note which was outstanding as of March 31, 2023 and December 31, 2022. On January 20, 2023, the terms of repayment of”…
SpacBrain reads this as 19,533,865 shares are no longer redeemable.
The clause “0,000,000 shares authorized; 5,750,000 shares issued and outstanding (excluding 3,466,135 shares subject to possible redemption) 575 575 Additional paid-in capital — — Accumulated deficit ( 8,705,109 ) ( 8,228,074 ) Total Stockholders’”…
The clause “014-15, “Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern”, management has determined that liquidity issues and capital constraints as described above, in addition to the mandatory liquidation, 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 2022-04-21trust $234.6M → $234.6M -0%deadline 2023-01-29 → 2023-07-29sponsor loan $125K → $300Kshares 23.0M → 3.47M -85%
trust account, combination deadline, sponsor loans outstanding +34 moved · 2 with no prior record of ours
- Trust account
- $234.6M$234.6M
- Combination deadline
- 2023-01-292023-07-29
- Sponsor loans outstanding
- $125K$300K
- Redeemable shares
- 23.0M3.47M
- Going-concern doubt
- stated · unchanged
- Mandate language
- We will focus on companies that generate revenues from the a… · unchanged
SpacBrain reads this as $21,146 left the trust between the two filings.
The clause …“of December 31, 2021 U.S. Treasury Securities $ 234,645,916 $ — $ ( 20,436 ) $ 234,625,480 Cash held in Trust Account 710 — — 710 $ 234,646,626 $ — $ ( 20,436 ) $ 234,626,190 The Face Value of the U.S. Treasury Securities held in Trust”…
SpacBrain reads this as 181 days later than the previous record.
The clause “Company must complete an initial business combination from January 29, 2023 to July 29, 2023 (or, if not a business day, to the next business day (the “Extended Date”). In connection with the approval of the Extension Amendment, the”…
SpacBrain reads this as the sponsor has advanced $175,000 more.
The clause …“consummates an initial business combination and January 26, 2023. The Company borrowed $300,000 under this promissory note which was outstanding as of December 31, 2022. On January 20, 2023, the terms of repayment of this note were”…
SpacBrain reads this as 19,533,865 shares are no longer redeemable.
The clause “0,000,000 shares authorized; 5,750,000 shares issued and outstanding (excluding 3,466,135 and 23,000,000 shares subject to possible redemption) 575 575 Additional paid-in capital — — Accumulated deficit ( 8,228,074 ) ( 7,485,580 ) Total”…
The clause “014-15, “Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern”, management has determined that the potential liquidity and capital constraints as described above, in addition to potential mandatory”…
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: Williams Rowland Acquisition Corp. called a Special Meeting on Charter and Trust Amendment Proposals to extend beyond the January 29, 2023 Original Termination Date, to a total of up to 24 months after the IPO. The Trust Account held approximately $236.7 million of marketable securities as of November 30, 2022, an anticipated redemption price of approximately $10.28 per share. On the December 2, 2022 record date there were 28,750,000 shares outstanding. Initial stockholders hold 5,750,000 Founder Shares, including 375,000 purchased by three anchor investors for nominal consideration. Why it matters: At roughly $10.28 per share on a $236.7 million trust, the redemption right is the dominant value and the Company states plainly there is not enough time before January 29, 2023 to identify a target and file a proxy. That means holders are being asked to fund a search that has produced nothing. Anchor investors holding 375,000 founder shares acquired for nominal consideration profit from almost any closing, an alignment problem for public holders. WRAC ultimately liquidated.
- What changed vs 2022-08-15trust $234.9M → $236.0M +0%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $234.9M$236.0M
- Combination deadline
- 2023-01-29 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $375K · unchanged
- Redeemable shares
- 23.0M · unchanged
SpacBrain reads this as $1,141,921 was added to the trust between the two filings.
The clause …“391,422 985,127 Prepaid expenses – non-current portion — 209,104 Investment held in trust account 236,044,515 234,646,626 Total Assets $ 236,435,937 $ 235,840,857 Liabilities and Stockholders’ Deficit Current Liabilities: Accounts”…
The clause …“will be available to it on commercially acceptable terms, if at all. We have until January 29, 2023, or 18 months from the closing of the IPO, to consummate a Business Combination. It is uncertain that it will be able consummate a”…
The clause “014-15, “Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern”, management has determined that liquidity issues and capital constraints as described above, in addition to the mandatory liquidation, and”…
The clause …“the Company. As of September 30, 2022 and December 31, 2021, the Company had borrowed $ 375,000 and $ 125,000 , respectively, under the Promissory Note, which remained outstanding. 6 The Company can raise additional capital through”…
The clause “0,000,000 shares authorized; 5,750,000 shares issued and outstanding (excluding 23,000,000 shares subject to possible redemption) 575 575 Additional paid-in capital — — Accumulated deficit ( 8,184,297 ) ( 7,485,580 ) Total Stockholders’”…
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 2022-05-23trust $234.7M → $234.9M +0%sponsor loan $125K → $375K
trust account, sponsor loans outstanding, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $234.7M$234.9M
- Sponsor loans outstanding
- $125K$375K
- Combination deadline
- 2023-01-29 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 23.0M · unchanged
SpacBrain reads this as $168,511 was added to the trust between the two filings.
The clause “22,909 985,127 Prepaid expenses – non-current portion 25,377 209,104 Investment held in trust account 234,902,594 234,646,626 Total Assets $ 235,450,880 $ 235,840,857 Liabilities and Stockholders’ Deficit Current Liabilities: Accounts”…
SpacBrain reads this as the sponsor has advanced $250,000 more.
The clause …“of the Company. As of June 30, 2022 and December 31, 2021, the Company had borrowed $ 375,000 and $ 125,000 , respectively, under the Promissory Note, which remained outstanding. 6 The Company can raise additional capital through”…
The clause …“will be available to it on commercially acceptable terms, if at all. We have until January 29, 2023, or 18 months from the closing of the IPO, to consummate a Business Combination. It is uncertain that it will be able consummate a”…
The clause “014-15, “Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern”, management has determined that the potential liquidity and capital constraints as described above, in addition to potential mandatory”…
The clause “0,000,000 shares authorized; 5,750,000 shares issued and outstanding (excluding 23,000,000 shares subject to possible redemption) 575 575 Additional paid-in capital — — Accumulated deficit ( 8,251,360 ) ( 7,485,580 ) Total Stockholders’”…
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.