S-4 Filing

The Ace trust is down to about $40 million in the wake of redemptions following the last two deadline extension votes.

The biotech-focused SPAC raised $115 million in an October 2021 IPO.

If the proposal is not approved, Digital World says it will begin winding down.

The SPAC raised $200 million in a July 2021 IPO to target high-growth companies that need significant capital because of disruptions related to COVID-19 or other high-quality businesses experiencing high-growth. 

Management in the filing said they are in preliminary discussions with a potential merger partner, but still need more time. The SPAC, led by Los Angeles Dodger co-owner Todd Boehly, ended discussions last year with Sportradar, a sports data provider.

The SPAC raised $100 million in a March 2021 IPO with plans at that time to focus on targets bringing to market disruptive technologies in the blockchain/crypto and artificial intelligence technology sectors.

While the SPAC said it is "currently in discussions regarding various business combination opportunities," there won't be enough time to reach an agreement, much less complete a deal, before the current Sept. 14 deadline.

Bluescape is focused on businesses in energy infrastructure and related sectors.

"Adverse reactions to publicity relating to Trump, or the loss of his services, could adversely affect TMTG’s revenues, results of operations and its ability to maintain or generate a consumer base, as well as the outcome of the proposed business combination," the filing states.

The combined company is expected to receive gross cash proceeds of up to $189 million, which includes the $139 million held in JATT’s trust account (less any redemptions) and a concurrent, fully-committed $50 million from a forward purchase agreement and PIPE financing.