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EX-99.1 - EX-99.1 - Investindustrial Acquisition Corp. | d168893dex991.htm |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 30, 2020 (November 23, 2020)
INVESTINDUSTRIAL ACQUISITION CORP.
(Exact name of registrant as specified in its charter)
Cayman Islands | 001-39720 | 98-1556465 | ||
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) | ||
Suite 1, 3rd Floor, 11-12 St Jamess Square London, United Kingdom |
SW1Y 4LB | |||
(Address of principal executive offices) | (Zip Code) |
+44 20 7400 3333
Registrants 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 filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
☐ | Written communications 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-commencement 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 Symbol(s) |
Name of each exchange on which registered | ||
Units, each consisting of one Class A Ordinary Share, $0.0001 par value, and one-third of one redeemable warrant | IIAC.U | New York Stock Exchange | ||
Class A Ordinary Shares included as part of the units | IIAC | New York Stock Exchange | ||
Redeemable warrants included as part of the units, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 | IIAC WS | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☒
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 8.01. | Other Events. |
As previously disclosed on a Current Report on Form 8-K dated November 23, 2020, Investindustrial Acquisition Corp., a Cayman Islands exempted company (the Company), consummated its initial public offering (the IPO) of 35,000,000 units (the Units). Each Unit consists of one Class A ordinary share, $0.0001 par value per share (the Class A Ordinary Shares), and one-third of one redeemable warrant (the Public Warrants), each whole Public 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 an offering price of $10.00 per Unit, generating gross proceeds of $350,000,000. The Company granted the underwriters a 45-day option to purchase up to 5,250,000 additional Units to cover over-allotments, if any.
As also previously disclosed, on November 18, 2020, the Company consummated the private placement with Investindustrial Acquisition Corp. L.P. (the Sponsor) of 6,000,000 private placement warrants, each exercisable to purchase one Class A Ordinary Share at $11.50 per share, subject to adjustment, at a price of $1.50 per warrant (the Private Placement Warrants) generating gross proceeds of $9,000,000.
Subsequently, on November 27, 2020, the Company announced the closing (the Over-Allotment Closing) of its sale of an additional 5,250,000 Units pursuant to the exercise in full by the underwriters of their over-allotment option (the Over-Allotment Option). The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $52,500,000. Simultaneously with the exercise in full of the Over-Allotment Option, the Company sold an additional 700,000 Private Placement Warrants to the Sponsor, generating gross proceeds to the Company of $1,050,000. Following the closing of the Over-Allotment Option, an aggregate amount of $402,500,000 has been placed in the Companys trust account established in connection with the IPO.
An audited balance sheet as of November 23, 2020 reflecting receipt of the proceeds upon consummation of the IPO 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
99.1 | Audited Balance Sheet as of November 23, 2020 |
SIGNATURES
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.
Date: November 30, 2020 | INVESTINDUSTRIAL ACQUISITION CORP. | |||||
By: | /s/ Roberto Ardagna | |||||
Name: Roberto Ardagna | ||||||
Title: Chief Executive Officer |