Past year: ▼ 18%(2.63 – 8.29 USD)
Each one in plain English, with the numbers worked through for a shareholder.
19 Dec 2024business combination▲ GoodMajor
The AleAnna merger closed: Swiftmerge became AleAnna, Inc., began trading on Nasdaq as ANNA/ANNAW, and issued roughly 65.1 million shares to AleAnna Energy's former owners - only 1.16 million shares were redeemed this time, a fraction of the 20+ million that had threatened to bail in 2023, finally completing a business combination nearly three years after the SPAC's IPO.
13 Dec 2024listing compliance notice▲ GoodMajor
the exchange certified AleAnna, Inc.'s securities for listing, clearing them to begin trading.
13 Dec 2024listing compliance notice● NeutralMajor
AleAnna, Inc.'s exchange filed to remove a class of its securities from listing.
13 Dec 2024listing compliance notice▼ BadMajor
AleAnna, Inc. deregistered its securities, ending its obligation to file reports with the SEC.
9 Oct 2024business combination● Neutral
The AleAnna merger agreement was amended to tighten up closing conditions on paying SPAC-related expenses, drop a planned tax receivable agreement, and simplify the share-exchange mechanics, as the deal moved toward a shareholder vote.
5 June 2024business combination▲ GoodMajor
Swiftmerge signed a new merger agreement, this time with AleAnna Energy, LLC - an Italian natural gas business - agreeing to domesticate as a Delaware company, rename itself AleAnna, Inc., and issue about 65.1 million shares to AleAnna's owners.
15 Mar 2024material agreement● Neutral
That extension meeting was itself adjourned by a few days, with more non-redemption agreements signed in the meantime to hold onto shareholder capital.
13 Mar 2024material agreement▼ Bad
With no new target yet found, Swiftmerge scheduled another shareholder vote to extend its deadline again, once more lining up non-redemption agreements to keep investor cash from leaving.
15 Feb 2024business combination▼ BadMajor
The HDL Therapeutics merger fell apart: the two sides mutually terminated the agreement in February 2024 with no termination fee owed either way, leaving Swiftmerge back without a deal.
24 Aug 2023financial restatement▼ Bad
Swiftmerge had to restate its 2022 annual report and Q1 2023 financials after discovering it had kept a deferred underwriting fee on the books as a liability even after the underwriter waived it back in November 2022; the fix didn't affect cash but meant its disclosure controls hadn't been working properly.
11 Aug 2023business combination▲ GoodMajor
Swiftmerge finally found a merger target: a $400 million deal to combine with HDL Therapeutics, Inc., a Delaware healthcare company, in a cash-and-stock transaction.
12 June 2023business combination▼ BadMajor
Ahead of the extension vote, holders of over 20.5 million Class A shares - roughly the entire public float - requested redemption at about $10.39/share, a mass exodus that Swiftmerge tried to soften by giving investors until June 19 to reverse their redemption requests.
12 June 2023business combination● Neutral
The shareholder meeting to approve that extension was adjourned rather than concluded, giving investors more time to weigh in.
9 June 2023material agreement▼ BadMajor
Swiftmerge asked shareholders to push its deadline to complete a business combination out from June 2023 to March 2024, having not yet found a target more than 18 months after its IPO.
7 June 2023material agreement● Neutral
Ahead of a shareholder vote on extending its deadline to find a merger target, Swiftmerge signed non-redemption agreements with investors, promising them a resale registration and no lock-up in exchange for not cashing out their shares.
16 May 2023listing compliance notice▼ Bad
Nasdaq approved moving Swiftmerge's listing down a tier, from the Global Market to the Capital Market, as it worked through its compliance issues.
21 Apr 2023listing compliance notice▼ Bad
Nasdaq warned Swiftmerge it was out of compliance for filing its 2022 annual report late, giving it 60 days to submit a plan to regain compliance (with up to 180 days total).
23 Dec 2021business combination● NeutralMajor
Swiftmerge Acquisition Corp. (later AleAnna, Inc.) completed its $200 million IPO as a blank-check company, listing on Nasdaq (IVCPU/IVCP/IVCPW) with the proceeds held in trust to fund a future acquisition.
14 Dec 2021listing compliance notice▲ GoodMajor
the exchange certified AleAnna, Inc.'s securities for listing, clearing them to begin trading.
