Monitor for the effective date of the registration statement and subsequent trading debut of GVACU units on Nasdaq. Track any amendments to offering terms or identification of a target business in future filings.
Executive Summary
Gravity Acquisition Corp. filed Amendment No. 3 to its S-1 registration statement for a $250 million SPAC IPO of 25,000,000 units at $10.00 per unit. The company is a blank check company with no operations, formed to pursue a business combination globally with no specific target identified. The filing updates the prospectus date to October 7, 2026, and includes an auditor consent with a going concern emphasis.
Key Financial Metrics
Key Facts
- Offering of 25,000,000 units at $10.00 per unit for gross proceeds of $250,000,000
- Each unit consists of one Class A ordinary share and one right to receive one-third of one Class A ordinary share upon a business combination
- Sponsor Gravity Sponsor Holdings LLC acquired 9,583,333 founder shares for $25,000 (~$0.0026/share)
- Up to 267,500 private placement units at $10.00/unit for $2,675,000 aggregate purchase price
- 15 months from closing to complete initial business combination, extendable to 21 months with sponsor deposits
- Auditor's report includes going concern emphasis paragraph
- Working capital deficit of $93,479 as of June 30, 2026
- Net proceeds of $250,000,000 to be held in trust account
Financial Impact
IPO gross proceeds of $250,000,000; $250,000,000 to be held in trust; $725,000 available outside trust for working capital
Risk Factors
- No operating history or revenues; going concern uncertainty
- May not complete a business combination within 15-21 months, leading to liquidation
- Significant dilution to public shareholders from founder shares purchased at nominal price
- Management team located across multiple jurisdictions (UAE, Hong Kong, Canada, China) creating enforcement risks
- Potential CFIUS review or PRC regulatory hurdles if target is China-based
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-1/A Filing (Primary) | 0001185185-26-004642 |
| Document: gravityacqex23-3.htm | 0001185185-26-004642 |
| Document: 0001185185-26-004642-index-headers.html | 0001185185-26-004642 |
| Document: 0001185185-26-004642-index.html | 0001185185-26-004642 |
| Document: 0001185185-26-004642.txt | 0001185185-26-004642 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 19d ago | S-1/A | — | awaiting T+20 | — | — |
Sep 17, 2026 5w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers