{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-044326","form_type":"8-K","ticker":null,"cik":"0001892922","company_name":"Mars Acquisition Corp.","filed_at":"2024-04-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.115210+00:00","generated_at":"2026-06-04T01:58:43.546366+00:00","sec_items":["1.01","2.03","8.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Mars Acquisition Corp. amends merger terms with ScanTech, secures $1.34M in new funding","bullets":["Merger consideration set at $110M minus closing net debt exceeding $20M.","Each non-redeemed ordinary share converts to two Pubco common shares; insiders receive 5,021,400 Pubco shares.","Polar Multi-Strategy Master Fund commits up to $1M working capital via subscription for Pubco shares.","Sponsor affiliate promissory note of $337,500, non-interest bearing, converts to shares at closing.","Note waived if no business combination consummated."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-044326","json":"https://secwatch.observer/filing/0001104659-24-044326.json","markdown":"https://secwatch.observer/filing/0001104659-24-044326.md","text":"https://secwatch.observer/filing/0001104659-24-044326.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1892922/000110465924044326/0001104659-24-044326-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1892922/000110465924044326/tm2411183d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T01:58:43.546366+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"da49864373e768d9dd02445d788990d14ba1e054","claim":"Mars Acquisition Corp. amended Amendment No. 2 to the Business Combination Agreement with ScanTech AI Systems Inc., Mars Merger Sub I Corp., Mars Merger Sub II LLC, ScanTech Identification Beam Systems, LLC, Dolan Falconer valued at $110,000,000 (effective 2024-04-02).","evidence_excerpt":"On April 2, 2024, an Amendment No. 2 to the Business Combination Agreement was entered to reflect that the merger consideration shall be adjusted to One Hundred Ten Million U.S. Dollars ($110,000,000)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1892922/000110465924044326/0001104659-24-044326-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"ScanTech AI Systems Inc., Mars Merger Sub I Corp., Mars Merger Sub II LLC, ScanTech Identification Beam Systems, LLC, Dolan Falconer"},{"label":"Value","value":"$110,000,000"},{"label":"Effective","value":"2024-04-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}