Swiftmerge Acquisition Corp. 10-Q Filing
Ticker: ANNAW · Form: 10-Q · Filed: May 20, 2024 · CIK: 1845123
Sentiment: neutral
Topics: 10-Q, financials, spac, warrants
TL;DR
Swiftmerge Acquisition Corp. 10-Q filed for Q1 2024, detailing stock and warrant activity.
AI Summary
Swiftmerge Acquisition Corp. filed its 10-Q for the period ending March 31, 2024. The filing details financial information related to its Class A and Class B common stock, as well as public and private placement warrants. It also references the conversion of Class B to Class A common stock and the redemption of warrants under specific conditions.
Why It Matters
This filing provides investors with an update on Swiftmerge Acquisition Corp.'s financial status and corporate actions during the first quarter of 2024.
Risk Assessment
Risk Level: low — This is a routine 10-Q filing providing standard financial disclosures for a SPAC.
Key Players & Entities
- Swiftmerge Acquisition Corp. (company) — Filer of the 10-Q
- 2024-03-31 (date) — End of the reporting period
- 2024-01-01 (date) — Start of the reporting period
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is from January 1, 2024, to March 31, 2024.
What types of securities are detailed in the filing?
The filing details Class A common stock, Class B common stock, public warrants, and private placement warrants.
Does the filing mention any warrant redemptions?
Yes, the filing mentions the redemption of warrants, specifically when the price equals or exceeds eighteen dollars.
What is the company's fiscal year end?
The company's fiscal year end is December 31.
What is the SIC code for Swiftmerge Acquisition Corp.?
The SIC code for Swiftmerge Acquisition Corp. is 6770, which corresponds to Blank Checks.
Filing Stats: 4,570 words · 18 min read · ~15 pages · Grade level 18.8 · Accepted 2024-05-20 16:40:21
Key Financial Figures
- $0.0001 — LC Class A ordinary shares, par value $0.0001 per share IVCP The Nasdaq Stock Mar
- $11.50 — ary share, each at an exercise price of $11.50 per share IVCPW The Nasdaq Stock Ma
Filing Documents
- d799749d10q.htm (10-Q) — 583KB
- d799749dex311.htm (EX-31.1) — 10KB
- d799749dex312.htm (EX-31.2) — 10KB
- d799749dex321.htm (EX-32.1) — 4KB
- d799749dex322.htm (EX-32.2) — 5KB
- 0001193125-24-142919.txt ( ) — 3741KB
- ivcp-20240331.xsd (EX-101.SCH) — 38KB
- ivcp-20240331_cal.xml (EX-101.CAL) — 15KB
- ivcp-20240331_def.xml (EX-101.DEF) — 226KB
- ivcp-20240331_lab.xml (EX-101.LAB) — 264KB
- ivcp-20240331_pre.xml (EX-101.PRE) — 252KB
- d799749d10q_htm.xml (XML) — 436KB
FINANCIAL INFORMATION
PART I FINANCIAL INFORMATION 1 Item 1
Financial Statements
Financial Statements. 1 Condensed Balance Sheets as of March 31, 2024 (unaudited) and December 31, 2023 1 Unaudited Condensed Statements of Operations for the three ended March 31, 2024 and 2023 2 Unaudited Condensed Statements of Changes in Shareholders' Deficit for the three months ended March 31, 2024 and 2023 3 Unaudited Condensed Statements of Cash Flows for the three months ended March 31, 2024 and 2023 4 Notes to Unaudited Condensed Financial Statements 5 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 26 Item 4 Disclosure Controls and Procedures 26
OTHER INFORMATION
PART II. OTHER INFORMATION 28 Item 1. Legal Proceedings. 28 Item 1A. Risk Factors. 28 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 28 Item 3. Defaults Upon Senior Securities. 28 Item 4. Mine Safety Disclosures. 28 Item 5. Other Information. 28 Item 6. Exhibits. 29
Signatures
Signatures 30 i Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (this "Report"), including, without limitation, statements under the heading "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations," includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements can be identified by the use of forward-looking terminology, including the words "believes," "estimates," "anticipates," "expects," "intends," "plans," "may," "will," "potential," "projects," "predicts," "continue," or "should," or, in each case, their negative or other variations or comparable terminology, but the absence of these words does not mean that a statement is not forward-looking. There can be no assurance that actual results will not materially differ from expectations. Such statements include, but are not limited to, any statements relating to (i) our ability to consummate any acquisition or other business combination, (ii) our expectations regarding our future liquidity and access to additional sources of capital, (iii) expectations regarding the Trust Account balance, (iv) the use of net proceeds and funds held outside the Trust Account, (v) goals, plans and strategies and their anticipated benefits, (vi) our beliefs regarding credit risk, and (vii) any other statements that are not statements of current or historical facts. These statements are based on management's current expectations, but they involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, including but not limited to: our ability to select an approp