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EX-99.1 - EXHIBIT 99.1 - Trebia Acquisition Corp.tm2013306d11_ex99-1.htm

  

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

 

FORM 8-K

 

CURRENT REPORT

 

 

 

PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): June 19, 2020

 

TREBIA ACQUISITION CORP.

(Exact name of registrant as specified in its charter)

 

Cayman Islands

(State or other jurisdiction of

incorporation)

 

001-39331 

(Commission File Number)
 

98-1531250

(I.R.S. Employer Identification No.)

 

 

41 Madison Avenue, Suite 2020

New York, NY
(Address of principal executive offices)

10010

(Zip Code)

 

(646) 450-9187
(Registrant’s telephone number, including area code)

 

Not Applicable
(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨     Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  

¨      Pre-commencements communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

  

 

Title of each class

 

 

Trading Symbols

 

Name of each exchange on

 which registered

         

Units, each consisting of one

Class A ordinary share and

one-third of one redeemable

warrant

  TREB.U   The New York Stock Exchange
         

Class A ordinary shares,

par value $0.0001 per share

  TREB   The New York Stock Exchange
         

Redeemable warrants, each

whole warrant exercisable

for one Class A ordinary

share at an exercise price of

$11.50 per share

  TREB WS   The New York Stock Exchange

 

x Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

¨ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

 

 

 

 

 

Item 8.01Other Events.

 

On June 19, 2020, Trebia Acquisition Corp. (the “Company”) consummated its initial public offering (the “IPO”) of 51,750,000 units (the “Units”), including the issuance of 6,750,000 Units as a result of the underwriters’ exercise in full of their over-allotment option. Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share (“Class A Ordinary Shares”), and one-third of one redeemable warrant of the Company (“Warrant”), each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share at an exercise price of $11.50 per share. The Units were sold at a price of $10.00 per unit, generating gross proceeds to the Company of $517,500,000.

 

Substantially concurrently with the consummation of the IPO, the Company completed the private sale (the “Private Placement”) of 8,233,334 warrants (the “Private Placement Warrants”) at a purchase price of $1.50 per Private Placement Warrant, to the Company’s sponsors, BGPT Trebia LP and Trasimene Trebia, LP, generating gross proceeds to the Company of approximately $12,350,000.

 

A total of $517,500,000, comprised of $507,150,000 of the proceeds from the IPO, including approximately $18,112,500 of the underwriters’ deferred discount, and $10,350,000 of the proceeds of the sale of the Private Placement Warrants, were placed in a trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee. An audited balance sheet as of June 19, 2020 reflecting receipt of the proceeds upon consummation of the IPO and the Private Placement has been issued by the Company and is included as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 9.01 Financial Statements and Exhibits.
   
(d) Exhibits. The following exhibits are filed with this Form 8-K:
   
Exhibit No. Description of Exhibits
   
99.1 Audited Balance Sheet, as of June 19, 2020.

  

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

   
  Trebia Acquisition Corp.
   
Date: June 25, 2020 By: /s/ Tanmay Kumar
  Name:       Tanmay Kumar
  Title: Chief Financial Officer