Current Report Filing (8-k)
19 February 2022 - 8:44AM
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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): February
17, 2022
Better World Acquisition Corp.
(Exact name of registrant as specified in its charter)
Delaware |
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001-39698 |
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85-2448447 |
(State or other jurisdiction
of incorporation) |
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(Commission File Number) |
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(IRS Employer
Identification No.) |
775 Park Avenue
New York, New York 10021
(Address of principal executive offices, including
zip code)
Registrant’s telephone number, including
area code: (212) 450-9700
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 |
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Trading Symbol(s) |
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Name of each exchange on which registered |
Units, each consisting of one share of Common Stock and one Redeemable Warrant |
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BWACU |
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The Nasdaq Stock Market LLC |
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Common Stock, par value $0.0001 per share |
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BWAC |
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The Nasdaq Stock Market LLC |
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Warrants, each exercisable for one share of Common Stock for $11.50 per share |
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BWACW |
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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 1.01. Entry into a Material Definitive Agreement.
As previously disclosed
in a Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) by Better World
Acquisition Corp. (the “Company”), on November 16, 2021, the Company issued a promissory note (the
“Note”) in the principal amount of $1,261,860 to the Company’ sponsor, BWA Holdings LLC (the
“Sponsor”).
On February 17, 2022, the Company
amended and restated the Note (the “Amended Note”) in its entirety solely to increase the principal amount thereunder
from $1,261,860 to $2,523,720.
The foregoing description is
qualified in its entirety by reference to the Amended Note, a copy of which is attached as Exhibit 10.1 hereto and is incorporated herein
by reference.
Item 2.03. Creation of a Direct Financial Obligation
or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The disclosure contained in
Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.
Item 8.01. Other Events.
On February 18, 2022, the
Company issued a press release announcing that the Sponsor had deposited an additional $1,261,860 (representing $0.10 per public
share) into the Company’s trust account for its public stockholders. This deposit enables the Company to extend the date by
which the Company has to complete its initial business combination from February 17, 2022 to May 17, 2022 (the
“Extension”). The Extension is the second of two three-month extensions permitted under the Company’s
governing documents and provides the Company with additional time to complete its initial business combination.
A copy of the press release is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
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.
Dated: February 18, 2022 |
Better World Acquisition Corp. |
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By: |
/s/ Peter S.H. Grubstein |
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Name: |
Peter S.H. Grubstein |
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Title: |
Chief Financial Officer |
2
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