Special Situations Research Platform
M&A, spin-offs, and liquidations — one platform, 90 seconds.
Vynt reads merger proxies, Form 10 spin-off filings, and plans of dissolution — extracting every term, condition, and recovery estimate with page-level citations.
Free · No credit card required · Full access from day one
Three situation types. One platform.
DEF 14A · Proxy Statement
Deal price
$95.00 / share
Termination fee
$2.27B
Reverse break fee
$3.0B
Outside date
April 18, 2023
HSR waiting period
30 days · pending
EU Phase I
Filed · day 15 of 25
Form 10-12B/A · Amendment
Distribution ratio
1.05 shares / JNJ share
Retained interest
9.5% post-IPO
Debt assumed
$7.75B
TSA annual cost
$400M / year
Record date
May 4, 2023
Effective date
May 4, 2023
8-K · Plan of Dissolution
Total assets (book)
$312M
Estimated realizable
$198–$224M
Secured creditors
$85M
General unsecured
$67M
Wind-down costs
$14–$18M
Est. equity recovery
$2.10–$4.30 / share
Filing to alert
Situation types
Full EDGAR coverage
Cited to source
Three Situations. Three Workflows.
Merger Arbitrage
Vynt reads DEF 14A and DEFM14A proxy statements in full — extracting deal price, termination fees, reverse break fees, outside dates, matching rights, and every regulatory condition with page-level citations.
Deal economics — price, fees, exchange ratio
Regulatory conditions — HSR, CFIUS, EU Phase I/II
MAE definition and legal carve-outs verbatim
DEF 14A · Proxy Statement
Market price converging to deal price — spread tracked to close
Deal price
$95.00 / share
Termination fee
$2.27B
Reverse break fee
$3.0B
Extracted from filing in <90s · All fields cited to source page
Spin-off Analysis
Form 10 and 10-12B/A filings are parsed for distribution ratio, retained interest, capital structure, TSA terms, and event dates — updated within 90 seconds of each amendment.
Distribution ratio and retained parent interest
Capital structure and debt assumed by SpinCo
Transition service agreement terms and duration
Form 10-12B/A · Amendment
Parent separating SpinCo — distribution ratio and structure mapped
Distribution ratio
1.05 shares / JNJ share
Retained interest
9.5% post-IPO
Debt assumed
$7.75B
Extracted from filing in <90s · All fields cited to source page
Liquidation Recovery
Plans of dissolution are parsed for asset schedules, full creditor waterfall by priority class, wind-down cost estimates, and per-share equity recovery — with alerts on every 8-K update.
Asset schedule at book and realizable value
Full creditor waterfall by priority class
Per-share equity recovery estimate
8-K · Plan of Dissolution
Creditor waterfall by priority class — down to equity recovery
Total assets (book)
$312M
Estimated realizable
$198–$224M
Secured creditors
$85M
Extracted from filing in <90s · All fields cited to source page
Platform Capabilities
Shared across all situation typesPurpose-built parsers
Each filing type — proxy statement, Form 10, plan of dissolution — has its own extraction model trained on its specific structure, terminology, and section conventions. No generic document parser.
90-second alert latency
From EDGAR acceptance to notification in under 90 seconds across all three situation types. Covers deal amendments, Form 10/A filings, dissolution events, and 8-K milestones.
Mixed-type watchlist
Monitor a pending merger, an active spin-off, and a liquidation simultaneously. Each situation surfaces its relevant structured fields. Saphira Excel keeps all live values updated.
Citation to source page
Every extracted field links to the page and section in the source document. For legal provisions — MAE definitions, matching rights, creditor priority — you see the contractual language in one click.
All three situation types. One unified workflow.
No switching tools. No re-learning interfaces. Every situation type follows the same structured output format.
Methodology & FAQ
Answers for event-driven investors
Which situation types does Vynt cover?+
Vynt covers three core special situation types: merger arbitrage (DEF 14A proxy statements, tender offers), spin-off analysis (Form 10 and Form 10-12B/A filings including all amendments), and liquidation analysis (plans of dissolution, 8-K dissolution events). Each situation type has its own structured extraction workflow and alert coverage.
How does Vynt handle filings that vary significantly in structure?+
Each situation type uses a purpose-built extraction model trained on the specific document structure of that filing type — proxy statements, Form 10s, and plans of dissolution each have distinct layouts, terminology, and section conventions. Vynt does not use a generic parser; each model is tuned for the filing type and surfaces structured output with citations back to the specific page and section in the source document.
How fast are the filing alerts across all three situation types?+
Alert latency is under 90 seconds from EDGAR receipt to notification for all three situation types. For mergers, alerts cover amended merger agreements (Item 1.01) and regulatory determinations (Item 8.01). For spin-offs, alerts cover Form 10 amendments and effective date filings. For liquidations, alerts cover dissolution events (Item 1.02, Item 5.01) and plan of dissolution filings.
Can I track multiple situations across different types simultaneously?+
Yes. Vynt's watchlist supports mixed-type tracking — you can monitor a pending merger, an active spin-off, and a liquidation in the same dashboard. Each situation type surfaces its relevant structured fields and alert conditions. The Saphira Excel add-in keeps all live values updated as new filings arrive.
How accurate is the AI extraction across complex legal and financial terms?+
Vynt reads the actual filing language and extracts specific terms with citations back to the source section and page number. For legal provisions (MAE definitions, matching rights, creditor priority classes), the AI surfaces both the structured output and the exact contractual language — you can verify the interpretation against the original text in one click. It does not paraphrase or generalize; it shows you both the structured summary and the source.
What markets does Vynt cover for special situations?+
Vynt covers US-listed companies via SEC EDGAR, including all public merger targets, spin-off vehicles, and companies in dissolution. Coverage includes DEF 14A and DEFM14A proxy filings, Schedule TO tender offers, Form 10 and Form 10-12B/A spin-off filings, and 8-K dissolution and plan of dissolution filings. Alerts fire within 90 seconds of EDGAR publication.
Your next special situation is filing right now.
A merger proxy, a Form 10, or a plan of dissolution — filed while you were reading this. Vynt reads it in 90 seconds and alerts you before the spread moves.
No credit card required · Full access · <90s from EDGAR to inbox