KING LLC MERGER SUB, LLC
Cash in trust
$259.2M
$259,186,362
Trust per share
$10.00
Redemption value
IPO
Oct 2020
$259.2M raised
Combination deadline
—
Not disclosed
Filings on record
108
Latest Feb 14, 2022
Overview
KING LLC MERGER SUB, LLC is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001824577. It completed its initial public offering in Oct 2020, raising $259.2M in gross proceeds. The vehicle is sponsored by KING MERGER SUB. The mandate targets technology. Deadline lapsed without a deal; trust returned to public shareholders.
“We intend to focus our search for a business combination target on information and communications technology (ICT) and, in particular, ICT companies that benefit from the transformational, long-term impacts of capital deployment in the 5G stack.”
Reading the filings
Arithmetic on what KING LLC MERGER SUB, LLC has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $10.00 per public share, effectively the $10.00 the units were sold at, so little or no interest has accrued to the account yet.
Warrant coverage
Each unit carried one-third of one warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.
Sponsor record
KING MERGER SUB has launched 2 vehicles. Of the 2 that have resolved, 0 closed a combination and 2 liquidated, a 0% completion rate. A sponsor's record is not a forecast, but it does tell you whether the team has taken a deal across the line before.
Underwriting
Morgan Stanley led the offering. It has been named on 47 SPAC IPOs, book-running 34 of them, and 13.3% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
SEC filing history
Free tier: filings older than 24 hours- SC 13G/A
Amended beneficial ownership report (passive)
Accession 0001319244-22-000147
- 15-12B
Deregistration of securities
Accession 0001193125-21-308849
- 8-K
Notice of delisting or failure to satisfy a listing rule
Items 3.01, 3.03, 5.01, 5.03, 9.01 · Accession 0001193125-21-308844
- 425
Business-combination communication
Accession 0001193125-21-308845
- 25-NSE
Notification of delisting
Accession 0000876661-21-001436
- 25-NSE
Notification of delisting
Accession 0000876661-21-001435
- 25-NSE
Notification of delisting
Accession 0000876661-21-001434
- 4
Statement of changes in beneficial ownership
Accession 0000899243-21-038311
- 4
Statement of changes in beneficial ownership
Accession 0000899243-21-038308
- SC 13G/A
SCHEDULE 13G/A
Accession 0001376474-21-000330
- 425
Business-combination communication
Accession 0001193125-21-286740
- 8-K
Submission of matters to a vote of security holders
Item 5.07 · Accession 0001193125-21-286642
- 425
Business-combination communication
Accession 0001193125-21-279388
- 425
Business-combination communication
Accession 0001193125-21-279101
- 8-K
Entry into a material definitive agreement; Other events
Items 1.01, 8.01, 9.01 · Accession 0001193125-21-279095
- DEFA14A
Additional proxy soliciting material
Accession 0001193125-21-279048
- 425
Business-combination communication
Accession 0001193125-21-275333
- DEFA14A
Additional proxy soliciting material
Accession 0001193125-21-274752
- 425
Business-combination communication
Accession 0001193125-21-274745
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001193125-21-274737
- 425
Business-combination communication
Accession 0001193125-21-272750
- SC 13G
Beneficial ownership report (passive)
Accession 0001376474-21-000300
- 425
Business-combination communication
Accession 0001193125-21-269147
- 425
Business-combination communication
Accession 0001193125-21-269145
- 425
Business-combination communication
Accession 0001193125-21-262067
- 425
Business-combination communication
Accession 0001193125-21-262061
- 425
Business-combination communication
Accession 0001193125-21-262052
- DEFA14A
Additional proxy soliciting material
Accession 0001193125-21-256451
- 8-K
Regulation FD disclosure
Items 2.02, 7.01, 9.01 · Accession 0001193125-21-256407
- 425
Business-combination communication
Accession 0001193125-21-256292
KING LLC MERGER SUB, LLC: questions answered
What is KING LLC MERGER SUB, LLC?
KING LLC MERGER SUB, LLC is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001824577. It completed its initial public offering in Oct 2020, raising $259.2M in gross proceeds. The vehicle is sponsored by KING MERGER SUB. The mandate targets technology. Deadline lapsed without a deal; trust returned to public shareholders.
How much does KING LLC MERGER SUB, LLC hold in trust?
Approximately $259,186,362, or about $10.00 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must KING LLC MERGER SUB, LLC complete a merger?
No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.
What happens if KING LLC MERGER SUB, LLC does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in KING LLC MERGER SUB, LLC, and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.00 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
Is the trust value the same as the share price for KING LLC MERGER SUB, LLC?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
How much dilution do KING LLC MERGER SUB, LLC's founder shares and warrants create?
Each unit also carried one-third of one warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors KING LLC MERGER SUB, LLC, and what is their track record?
KING MERGER SUB is the sponsor entity, part of the KING MERGER SUB franchise. That franchise has launched 2 vehicles in total, of which 0 closed a combination and 2 liquidated, a 0% completion rate on resolved vehicles. Named principals: Frank W. Bruno, Timothy M. Donahue.
Which banks underwrote the KING LLC MERGER SUB, LLC IPO?
Morgan Stanley, Deutsche Bank. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is KING LLC MERGER SUB, LLC a good investment?
That is not a question this site answers. KING LLC MERGER SUB, LLC is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this KING LLC MERGER SUB, LLC data come from?
Filings KING LLC MERGER SUB, LLC submitted to the SEC under CIK 0001824577: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Sep 4, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
KING MERGER SUB: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Morgan Stanley in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Technology SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All liquidated spacs
Deadline lapsed without a deal; trust returned to public shareholders.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.