Current Report Filing (8-k)
21 December 2021 - 8:31AM
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2021-12-20
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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): December
20, 2021
MCLAREN TECHNOLOGY ACQUISITION CORP.
(Exact name of registrant as specified in its charter)
Delaware
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001-41004
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86-2419708
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(State or other jurisdiction
of incorporation)
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(Commission File
Number)
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(IRS Employer
Identification No.)
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2600 Michelson Drive, Suite 1700
Irvine, CA 92612
(Address of principal executive offices, including
zip code)
Registrant’s telephone number, including
area code: (949) 989-4638
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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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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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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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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
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Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
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MLAIU
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The Nasdaq Stock Market LLC
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Class A common stock, par value $0.0001 per share
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MLAI
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The Nasdaq Stock Market LLC
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Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share
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MLAIW
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The Nasdaq Stock Market LLC
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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 8.01 Other Events.
Separate Trading of Units, Class A Common Stock and Warrants
As previously reported on Current Report on Form 8-K, filed on November
5, 2021, McLaren Technology Acquisition Corp. (the “Company”) consummated its initial public offering (“IPO”)
of an aggregate of 20,125,000 units (the “Units”), including 2,625,000 Units issued pursuant to the full exercise of the underwriters’
over-allotment option. Each Unit consists of one share of Class A common stock of the Company, par value $0.0001 per share (“Class
A Common Stock”), and one-half of one redeemable warrant of the Company (each whole warrant, a “Warrant”), with each
Warrant entitling the holder thereof to purchase one share of Class A Common Stock for $11.50 per share. The Units were sold at a price
of $10.00 per Unit, generating gross proceeds to the Company of $201,250,000.
On December 20, 2021, the Company issued a press release, a copy of
which is attached as Exhibit 99.1 to this Current Report on Form 8-K, announcing that the holders of the Units may elect to separately
trade the Class A Common Stock and Warrants comprising the Units commencing on December 23, 2021. Those Units not separated will
continue to trade on the Nasdaq Stock Market LLC under the symbol “MLAIU,” and the Class A Common Stock and Warrants
that are separated will trade on the Nasdaq Stock Market LLC under the symbols “MLAI” and “MLAIW,” respectively.
No fractional warrants will be issued upon separation of the Units and only whole Warrants will trade. Holders of the Units will need
to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate
the Units into Class A Common Stock and Warrants.
Item 9.01 Financial Statements and Exhibits.
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(d)
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Exhibits.
The following exhibit is filed with this Form 8-K:
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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.
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MCLAREN TECHNOLOGY ACQUISITION CORP.
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Dated: December 20, 2021
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By:
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/s/ Sajan Pillai
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Name:
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Sajan Pillai
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Title:
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Chief Executive Officer
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2
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