Current Report Filing (8-k)
30 October 2021 - 8:29AM
Edgar (US Regulatory)
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):
October 25, 2021 (October 29, 2021)
ExcelFin Acquisition
Corp.
(Exact name of registrant as specified in its
charter)
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Delaware
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001-40933
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86-2933776
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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473 Jackson St., Suite 300
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94111
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San Francisco, CA
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(Zip Code)
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(Address of principal executive offices)
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(415) 715-4377
(Registrant’s telephone number, including
area code)
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 Securities Exchange
Act of 1934:
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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
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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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XFINU
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The Nasdaq Stock Market
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Class A common stock, par value $0.0001 per share
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XFIN
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The Nasdaq Stock Market
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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
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XFINW
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The Nasdaq Stock Market
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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. ☐
On October 25, 2021, ExcelFin Acquisition Corp. (the “Company”)
consummated the initial public offering (the “IPO”) of 23,000,000 units (“Units”). 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 entitling the holder thereof to purchase one share of Class A Common Stock
for $11.50 per share, subject to adjustment. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company
of $230,000,000.
Substantially concurrently with the consummation of the IPO, the Company
completed the private sale of 11,700,000 warrants (the “Private Placement Warrants”) at a purchase price of $1.00 per
Private Placement Warrant, to the Sponsor, generating gross proceeds to the Company of $11,700,000.
A total of $234,600,000, comprised of proceeds from the IPO and the
sale of the Private Placement Warrants, was placed in a U.S.-based trust account at U.S. Bank National Association, maintained by U.S.
Bank National Association, acting as trustee. An audited balance sheet as of October 25, 2021 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.
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Item 9.01
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Financial Statement and Exhibits.
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(d)
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Exhibits. The following
exhibits are 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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ExcelFin Acquisition Corporation
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Date: October 29, 2021
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By:
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/s/ Logan Allin
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Name:
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Logan Allin
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Title:
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Chief Executive Officer
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