ZGYH SEC filings, in plain English
Everything Yunhong International has filed with the SEC that we hold — 40 filings, newest first, 4 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 2020-09-28trust $69.1M → $70.4M +2%deadline 2021-02-18 → 2021-11-18shares 6.20M → 6.90M +11%
trust account, combination deadline, redeemable shares +33 moved · 3 with no prior record of ours
- Trust account
- $69.1M$70.4M
- Combination deadline
- 2021-02-182021-11-18
- Redeemable shares
- 6.20M6.90M
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $211K · unchanged
- Mandate language
- We intend to focus on one or more businesses that have predi… · unchanged
SpacBrain reads this as $1,352,105 was added to the trust between the two filings.
The clause …“ 23,750 Total Current Assets 29,356 843,505 Investments held in Trust Account 70,409,613 69,057,508 Total Assets $ 70,438,969 $ 69,901,013 LIABILITIES AND SHAREHOLDERS’ DEFICIT Current”…
SpacBrain reads this as 273 days later than the previous record.
The clause …“unable to raise additional funds to alleviate liquidity needs and complete a business combination by November 18, 2021 then the Company will cease all operations except for the purpose of liquidating. The liquidity condition and date”…
SpacBrain reads this as 703,745 more shares carry a redemption right.
The clause “47,000,000 shares authorized; 319,500 shares issued and outstanding (excluding 6,900,000 shares subject to possible redemption) at June 30, 2021 and 2020, respectively 320 320 Class B ordinary shares, $ 0.001 par value; 2,000,000”…
The clause …“securities or incur debt in connection with such business combination. Going Concern Management has determined that the mandatory liquidation date of November 18, 2021 and subsequent dissolution raises substantial doubt about our”…
The clause …“the completion of the Initial Public Offering. As of June 30, 2020, there was $ 210,659 outstanding under the Promissory Note. The outstanding balance under the Promissory Note of $ 210,659 was repaid in July 2020. Borrowings under the”…
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 2021-02-23trust $69.1M → $69.7M +1%shares 6.15M → 6.11M -1%
trust account, redeemable shares, combination deadline +32 moved · 4 with no prior record of ours
- Trust account
- $69.1M$69.7M
- Redeemable shares
- 6.15M6.11M
- Combination deadline
- 2021-02-18 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $211K · unchanged
- Mandate language
- the Company intends to focus on businesses that have their p… · unchanged
SpacBrain reads this as $672,194 was added to the trust between the two filings.
The clause “100 23,750 Total Current Assets 101,252 843,505 Cash and marketable securities held in Trust Account 69,739,183 69,057,508 Total Assets $ 69,840,435 $ 69,901,013 LIABILITIES AND SHAREHOLDERS’ EQUITY Current Liabilities Accrued expenses $”…
SpacBrain reads this as 41,293 shares are no longer redeemable.
The clause …“1,271,149 and 1,112,751 shares issued and outstanding (excluding 5,948,351and 6,106,749 shares subject to possible redemption) at March 31, 2021 and June 30, 2020, respectively 1,271 1,113 Class B ordinary shares, $0.001 par value;”…
The clause …“However, if the Company anticipated that it may not be able to consummate a Business Combination by February 18, 2021, the Company may extend the period of time to consummate a Business Combination up to three times, each by an”…
The clause …“Trust Account. 6 Going Concern In connection with the Company’s assessment of going concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures of”…
The clause …“the completion of the Initial Public Offering. As of June 30, 2020, there was $210,659 outstanding under the Promissory Note. The outstanding balance under the Promissory Note of $210,659 was repaid in July 2020. Administrative Services”…
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.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- not previously extracted2021-07-30
SpacBrain reads this as the agreement may be terminated from 2021-07-30.
The clause …“either Yunhong or Giga Energy if the Closing has not occurred on or prior to July 30, 2021 (the “ Outside Date ”) and the failure of the Closing to occur by such date was not caused by or the result of a breach of the Share Exchange”…
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: Quarter ended December 31, 2020, the second quarter of a June fiscal year. Cash and marketable securities held in trust were $69,066,989 at December 31, 2020 against $69,057,508 at June 30, 2020. Cash outside trust collapsed to $64,520 from $819,755. Liabilities were $236,185 current, including $182,796 of related-party advances, plus $2,415,000 of deferred underwriting. 6,148,042 Class A shares were redeemable at $61,480,423 and equity was exactly $5,000,001. Net loss was $420,235 for the quarter and $482,134 for the six months. Why it matters: Substantial doubt about going concern is disclosed and tied to mandatory liquidation after May 18, 2021. With $64,520 of cash left the shell cannot fund itself: the February 10, 2021 three-month extension deposit of $690,000 was funded by a convertible promissory note from Ares Motor Works, the merger counterparty, not the sponsor. The filing also discloses that the trust was previously invested outside the trust agreement's requirements, producing a $565,000 shortfall the sponsor repaid on May 14, 2020 as a credit to paid-in capital.
What changed vs 2020-11-16trust $69.1M → $69.1M +0%shares 6.19M → 6.15M -1%trust account, redeemable shares, combination deadline +32 moved · 4 with no prior record of ours
- Trust account
- $69.1M$69.1M
- Redeemable shares
- 6.19M6.15M
- Combination deadline
- 2021-02-18 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $211K · unchanged
- Mandate language
- the Company intends to focus on businesses that have their p… · unchanged
SpacBrain reads this as $12,993 was added to the trust between the two filings.
The clause …“100 23,750 Total Current Assets 64,620 843,505 Cash and marketable securities held in Trust Account 69,066,989 69,057,508 Total Assets $ 69,131,609 $ 69,901,013 LIABILITIES AND SHAREHOLDERS’ EQUITY Current Liabilities Accrued expenses $”…
SpacBrain reads this as 42,023 shares are no longer redeemable.
The clause …“authorized; 1,071,458 and 1,023,245 shares issued and outstanding (excluding 6,148,042 and 6,196,255 shares subject to possible redemption) at December 31, 2020 and June 30, 2020, respectively 1,071 1,023 Class B ordinary shares,”…
The clause …“However, if the Company anticipated that it may not be able to consummate a Business Combination by February 18, 2021, the Company may extend the period of time to consummate a Business Combination up to three times, each by an”…
The clause …“Trust Account. 6 Going Concern In connection with the Company’s assessment of going concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures of”…
The clause …“the completion of the Initial Public Offering. As of June 30, 2020, there was $210,659 outstanding under the Promissory Note. The outstanding balance under the Promissory Note of $210,659 was repaid in July 2020. Administrative Services”…
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: Quarter ended September 30, 2020 (June 30 fiscal year end). Trust held $69,053,996 against the $69,000,000 deposited at the February 2020 IPO, split $63,851,018 of mutual and money market funds and $5,202,978 of U.S. Treasuries. The filing states going-concern doubt tied to a February 18, 2021 mandatory liquidation, extendable three times by three months each on a $690,000 ($0.10 per share) sponsor deposit. 6,190,065 Class A shares are carried as redeemable at $61,900,650, with equity of exactly $5,000,009. Cash outside trust $519,080; related-party advances $182,796. Net loss $61,899. Why it matters: Substantial doubt is stated outright and the only route past February 18, 2021 costs the sponsor $690,000 a quarter. This is the trust that took a $1,151,591 unrealised loss on impermissible exchange-traded funds earlier in 2020, remediated in May; the assets are still about 92% mutual and money market funds rather than the Treasuries most peers hold. Trust income was $9,423 for the quarter against $12,935 of fees charged to the trust, so the trust shrank slightly. Figures are as of September 30, 2020.
What changed vs 2020-05-15trust $69.0M → $69.1M +0%shares 6.11M → 6.19M +1%trust account, redeemable shares, combination deadline +32 moved · 4 with no prior record of ours
- Trust account
- $69.0M$69.1M
- Redeemable shares
- 6.11M6.19M
- Combination deadline
- 2021-02-18 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $211K · unchanged
- Mandate language
- the Company intends to focus on businesses that have their p… · unchanged
SpacBrain reads this as $53,996 was added to the trust between the two filings.
The clause …“23,750 Total Current Assets 541,005 843,505 Cash and marketable securities held in Trust Account 69,053,996 69,057,508 Total Assets $ 69,595,001 $ 69,901,013 LIABILITIES AND SHAREHOLDERS’ EQUITY Current Liabilities Accrued expenses $”…
SpacBrain reads this as 83,415 more shares carry a redemption right.
The clause …“authorized; 1,029,435 and 1,023,245 shares issued and outstanding (excluding 6,190,065 and 6,196,255 shares subject to possible redemption) at September 30, 2020 and June 30, 2020, respectively 1,029 1,023 Class B ordinary shares,”…
The clause …“However, if the Company anticipates that it may not be able to consummate a Business Combination by February 18, 2021, the Company may extend the period of time to consummate a Business Combination up to three times, each by an”…
The clause …“2020 (Unaudited) Going Concern In connection with the Company’s assessment of going concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures of”…
The clause …“the completion of the Initial Public Offering. As of June 30, 2020, there was $210,659 outstanding under the Promissory Note. The outstanding balance under the Promissory Note of $210,659 was repaid in July 2020. Administrative Services”…
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: FY2020 10-K (June 30 year end) completing the trust-loss story reported in the Q1 10-Q: the year carries a REALISED loss of $708,023 on trust securities against $220,239 of interest, giving a $796,746 net loss, and the Sponsor's $565,000 Shortfall payment is recorded in equity as a capital contribution to the Trust Account. 6,196,255 Class A shares are subject to possible redemption at $61,962,550. Going concern: mandatory liquidation February 18, 2021, extendable three times by three months each to November 18, 2021 only if $690,000 is deposited each time. Why it matters: The unrealised mark became a realised loss, and the hole was filled by the sponsor rather than by the trust's own earnings - so the trust reached year end whole only because of a $565,000 capital contribution. Both the February 18 and November 18, 2021 dates are conditional on three separate $690,000 payments nobody is obliged to make. Detect-only: nothing was written to a trust, floor, deadline or status field.
What changed: Item 5.02: on June 23, 2020 Biqi Shao and Hao Yang resigned from the board of Yunhong International, for personal reasons and not because of any disagreement with the Company, and the board appointed Wan Zhang and Baibing Li to fill the vacancies effective immediately. The report gives Wan Zhang's background — senior manager at Taikang Bybo Dental Group since March 2020, previously PKU Healthcare Group, Capital Healthcare Group and Tsit Wing International Holdings, with a degree from Wuhan University and a master's from Lingnan University. Why it matters: A two-for-two board turnover at a SPAC that had completed its IPO four months earlier and had no announced target. The report states no committee assignments, no independence determination and no compensation arrangements in the text read, so it does not establish whether the replacements preserve the board's independent majority or its audit committee composition. Nothing here touches the trust, the deadline or a deal.
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.