Form 8-K - Current report
14 December 2023 - 8:16AM
Edgar (US Regulatory)
Integral Acquisition Corp 1 false 0001850262 0001850262 2023-12-08 2023-12-08 0001850262 inte:UnitsEachConsistingOfOneShareOfClassACommonStock0.0001ParValueAndOneHalfOfOneRedeemableWarrantMember 2023-12-08 2023-12-08 0001850262 inte:Class160ACommonStock0.0001ParValueMember 2023-12-08 2023-12-08 0001850262 inte:RedeemableWarrantsEachWholeWarrantExercisableForOneClassACommonStockAtAnExercisePriceOf11.50Member 2023-12-08 2023-12-08
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): December 8, 2023
Integral Acquisition Corporation 1
(Exact name of registrant as specified in its charter)
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Delaware |
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001-41006 |
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86-2148394 |
(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
667 Madison Avenue
New York, New York 10065
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (212) 209-6132
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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:
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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 Class A common stock, $0.0001 par value, and one-half of one Redeemable Warrant |
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INTEU |
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The Nasdaq Stock Market LLC |
Class A common stock, $0.0001 par value |
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INTE |
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The Nasdaq Stock Market LLC |
Redeemable Warrants, each whole warrant exercisable for one Class A Common Stock at an exercise price of $11.50 |
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INTEW |
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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 1.02 |
Termination of Material Definitive Agreement. |
On December 8, 2023 and December 12, 2023, Integral Acquisition Corporation 1 (the “Company”) and each of Carnegie Park Capital LLC (“Carnegie Park”) and Crescent Park Management, L.P. (“Crescent Park” and, together with Carnegie Park, the “FPA Parties”) entered into agreements (collectively, the “FPA Termination Agreements”) to mutually terminate and cancel the forward purchase agreements, each dated as of August 23, 2021, by and between the Company and Carnegie Park and Crescent Park, respectively, pursuant to which the FPA Parties agreed to purchase up to 2,500,000 forward purchase shares in the case of Crescent Park and up to 500,000 forward purchase shares in the case of Carnegie Park, at $10.00 per share (as such price per share may be reduced to $9.20 per share or further reduced to below $9.20 per share with respect to all or part of the forward purchase shares), for gross proceeds up to $30,000,000 in the aggregate if all of the forward purchase shares are purchased at $10.00 per share (or up to $27,600,000 in the aggregate if all of the forward purchase shares are purchased at $9.20 per share or up to a lower amount in the aggregate if all of the forward purchase shares are purchased at less than $9.20 per share) in private placements that would occur concurrently with the consummation of the Company’s initial business combination.
The foregoing description is qualified in its entirety by reference to the FPA Termination Agreements, copies of which are attached as Exhibit 10.1 and Exhibit 10.2 hereto and are incorporated herein by reference.
Item 9.01 |
Financial Statements and Exhibits. |
(d) Exhibits
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.
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Integral Acquisition Corporation 1 |
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By: |
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/s/ Enrique Klix |
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Name: |
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Enrique Klix |
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Title: |
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Chief Executive Officer |
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Dated: December 13, 2023 |
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Exhibit 10.1
Integral Acquisition Corporation 1
667 Madison Avenue
New York, New
York 10065
December 8, 2023
Carnegie Park Capital LLC
200 East 94th St #2109
New York NY 10128
Attention: Edward Chen
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Re: |
Termination of Forward Purchase Agreement |
Dear Mr. Chen:
Pursuant to Section 8
of the forward purchase agreement (the FPA) by and between Integral Acquisition Corporation 1 (the Company) and Carnegie Park Capital LLC, dated August 23, 2021, this letter serves as the Companys notice that it is
terminating the FPA with an effective termination date of November 30, 2023. Except as specifically provided in the section labeled General Provisions in the FPA, the FPA is hereby deemed null, void and of no further force or effect, and
all obligations and liabilities of the parties under the FPA or otherwise related to any proposed offering under the FPA are terminated. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in that certain FPA.
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Sincerely, |
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By: |
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/s/ Enrique Klix |
Name: |
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Enrique Klix |
Title: |
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Chief Executive Officer |
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Accepted: As of the date first written above |
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Carnegie Park Capital LLC |
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By: |
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/s/ Ted Chen |
Name: |
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Ted Chen |
Title: |
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Managing Partner |
Exhibit 10.2
Integral Acquisition Corporation 1
667 Madison Avenue
New York, New
York 10065
December 12, 2023
Crescent Park Management,
L.P.
1950 University Ave, Suite 204
East Palo Alto, CA
94303
Attention: Eli Cohen and Sebastien Hutchinson
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Re: |
Termination of Forward Purchase Agreement |
Dear Mr. Eli Cohen and Mr. Hutchinson:
Pursuant to Section 8 of the forward purchase agreement (the FPA) by and between Integral Acquisition Corporation 1 (the
Company) and Crescent Park Management, L.P., dated August 23, 2021, this letter serves as the Companys notice that it is terminating the FPA with an effective termination date of November 30, 2023. Except as specifically provided
in the section labeled General Provisions in the FPA, the FPA is hereby deemed null, void and of no further force or effect, and all obligations and liabilities of the parties under the FPA or otherwise related to any proposed offering
under the FPA are terminated. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in that certain FPA.
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Sincerely, |
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By: |
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/s/ Enrique Klix |
Name: |
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Enrique Klix |
Title: |
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Chief Executive Officer |
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Accepted: As of the date first written above |
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Crescent Park Management, L.P. |
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By: |
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/s/ Eli Cohen |
Name: |
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Eli Cohen |
Title: |
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Managing Partner |
v3.23.3
Document and Entity Information
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Dec. 08, 2023 |
Document And Entity Information [Line Items] |
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Entity Registrant Name |
Integral Acquisition Corp 1
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Amendment Flag |
false
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Entity Central Index Key |
0001850262
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Document Type |
8-K
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Document Period End Date |
Dec. 08, 2023
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Entity Incorporation State Country Code |
DE
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Entity File Number |
001-41006
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Entity Tax Identification Number |
86-2148394
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Entity Address, Address Line One |
667 Madison Avenue
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Entity Address, City or Town |
New York
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Entity Address, State or Province |
NY
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Entity Address, Postal Zip Code |
10065
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City Area Code |
(212)
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Local Phone Number |
209-6132
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false
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true
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false
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Units Each Consisting Of One Share Of Class A Common Stock 0.0001 Par Value And One Half Of One Redeemable Warrant [Member] |
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Document And Entity Information [Line Items] |
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Security 12b Title |
Units, each consisting of one share of Class A common stock, $0.0001 par value, and one-half of one Redeemable Warrant
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Trading Symbol |
INTEU
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Security Exchange Name |
NASDAQ
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Class 160 A Common Stock 0.0001 Par Value [Member] |
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Document And Entity Information [Line Items] |
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Security 12b Title |
Class A common stock, $0.0001 par value
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Trading Symbol |
INTE
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Security Exchange Name |
NASDAQ
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Redeemable Warrants Each Whole Warrant Exercisable For One Class A Common Stock At An Exercise Price Of 11.50 [Member] |
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Document And Entity Information [Line Items] |
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Security 12b Title |
Redeemable Warrants, each whole warrant exercisable for one Class A Common Stock at an exercise price of $11.50
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Trading Symbol |
INTEW
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Security Exchange Name |
NASDAQ
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