Current Report Filing (8-k)
08 June 2019 - 7:16AM
Edgar (US Regulatory)
UNITED STATES
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): June 3, 2019 (June 7, 2019)
PROFICIENT ALPHA ACQUISITION CORP.
(Exact name of registrant as specified
in its charter)
Nevada
|
|
001-38925
|
|
83-1505892
|
(State or other jurisdiction of
incorporation or organization)
|
|
(Commission File Number)
|
|
(I.R.S. Employer
Identification Number)
|
40 Wall St., 29
th
floor
New York, New York
|
|
10005
|
(Address of principal executive offices)
|
|
(Zip Code)
|
Registrant’s telephone number,
including area code:
(917) 289-0932
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 to the registrant under any of the following provisions:
o
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
o
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
o
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
o
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
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.
¨
On June 3, 2019, Proficient Alpha Acquisition
Corp. (the “Company”) consummated its initial public offering (“IPO”) of 10,000,000 units (“Units”),
each Unit consisting of one share of common stock, $0.001 par value per share (“Common Stock”), one warrant (“Warrant”)
to purchase one share of Common Stock at an exercise price of $11.50 per share, and one right (“Right”) to receive
one-tenth of one share of Common Stock upon consummation of the Company’s initial business combination, pursuant to the registration
statement on Form S-1 (File No. 333-231084) filed with the Securities and Exchange Commission (the “SEC”). The Units
were sold at an offering price of $10.00 per Unit, generating gross proceeds of $100,000,000. Pursuant to an underwriting agreement,
dated
May 29, 2019
, between the Company and I-Bankers Securities, Inc. as representative
of the several underwriters (the “Underwriters”), the Company granted the Underwriters a 30-day option to purchase
up to 1,500,000 additional Units solely to cover over-allotments, if any (the “Over-Allotment Option”); and simultaneously
with the consummation of the IPO, the Underwriters exercised the Over-Allotment Option in full.
As previously reported on a Current Report
on Form 8-K of the Company, filed with the SEC on June 4, 2019, simultaneously with the consummation of the IPO, the Company completed
a private placement (the “Private Placement”) of an aggregate of 5,375,000 placement warrants, which were purchased
by Mr. Shih-Chung Chou (the “Sponsor”), generating gross proceeds of $5,375,000.
A total of $115,000,000 of the net proceeds
from the IPO and the Private Placement were deposited in a trust account established for the benefit of the Company’s public
stockholders. An audited balance sheet as of June 3, 2019 reflecting receipt of the proceeds upon consummation of the
IPO and the Private Placement 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.
|
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: June 7, 2019
|
PROFICIENT ALPHA ACQUISITION CORP.
|
|
|
|
|
By:
|
/s/ Kin Sze
|
|
|
Name: Kin Sze
|
|
|
Title: Co-Chief Executive Officer
|
Proficient Alpha Acquisi... (NASDAQ:PAACU)
Historical Stock Chart
From Jul 2024 to Jul 2024
Proficient Alpha Acquisi... (NASDAQ:PAACU)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Proficient Alpha Acquisition Corporation (NASDAQ): 0 recent articles
More Proficient Alpha Acquisition Corp News Articles