Current Report Filing (8-k)
08 April 2022 - 6:04AM
Edgar (US Regulatory)
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2022-04-06
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2022-04-06
2022-04-06
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2022-04-06
2022-04-06
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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): April 6, 2022
Ackrell
SPAC Partners I Co.
(Exact
name of registrant as specified in its charter)
| Delaware |
|
001-39821 |
|
83-3237047 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
2093
Philadelphia Pike #1968
Claymont,
DE 19703
(Address
of principal executive offices, including zip code)
Registrant’s
telephone number, including area code: (650) 560-4753
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 subunit and one-half of one warrant |
|
ACKIU |
|
The Nasdaq Stock Market
LLC |
| Subunits included as part
of the units, each consisting of one share of common stock, $.0001 par value, and one-half of one warrant |
|
ACKIT |
|
The Nasdaq Stock Market
LLC |
| Redeemable warrants |
|
ACKIW |
|
The Nasdaq Stock Market
LLC |
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).
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 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On
April 6, 2022, Ackrell SPAC Partners I Co. (the “Company”) issued an unsecured promissory note (the “Note”)
in the principal amount of $115,000 to North Atlantic Imports, LLC (“NAI”), a Utah limited liability company
d/b/a Blackstone Products. NAI, entered into a business combination agreement with the Company, among others, on December 22, 2021. The
Note is non-interest bearing and payable in cash upon the closing of the Company’s initial business combination. In the event that
the Company fails to complete an initial business combination prior to the deadline set forth in its governing document, no payment will
be due under the Note and the principal balance of this Note will be forgiven. The proceeds of this Note will be used to pay for certain
fees of The Nasdaq Stock Market LLC.
A
copy of the Note is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The disclosure
set forth in this Item 2.03 is intended to be a summary only and is qualified in its entirety by reference to the Note.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
| * |
Exhibit A to this exhibit
has been omitted pursuant to Item 601(b)(10)(iv) of Regulation S-K. The Company hereby agrees to furnish a copy of the omitted exhibit
to the SEC upon request. |
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.
| |
ACKRELL SPAC PARTNERS I CO. |
| |
|
|
| Date: April 7, 2022 |
By: |
/s/ Long
Long |
| |
|
Name: |
Long Long |
| |
|
Title: |
Chief Financial Officer |
2
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