Business Context and Reporting Period
This Form 8-K was filed by Harmony Merger Corp. (noted as Nextdecade Corp in metadata) on March 27, 2017. The filing reports on the results of the company's annual meeting of stockholders held on that date. The registrant is a Special Purpose Acquisition Company (SPAC) incorporated in Delaware.
Key Financial Metrics
The filing does not provide standard financial statements such as revenue, profit, cash flow, or operating margins. The only financial data disclosed relates to a specific redemption event:
- Redemption Volume: 495,335 shares were converted to cash.
- Conversion Price: Approximately $10.22 per share.
- Total Redemption Amount: Approximately $5,063,330.
Material Changes
The primary material change reported is the approval of an amendment to the Company's amended and restated certificate of incorporation. This amendment extends the deadline to consummate a business combination to July 27, 2017. Additionally, the Company filed this amendment with the Delaware Secretary of State on March 27, 2017.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of risks and contingencies beyond the procedural details of the shareholder vote. The extension of the business combination deadline implies the company has not yet completed a merger as of the report date.
Investor Verification Checklist
- Verify the exact identity of the registrant (Harmony Merger Corp.) versus the metadata name (Nextdecade Corp).
- Confirm the new deadline for consummating a business combination is July 27, 2017.
- Review the impact of the $5.06 million cash outflow from redemptions on the company's remaining trust account liquidity.
- Check subsequent filings to determine if a business combination was completed before the July 27, 2017 deadline.