Item 8.01. Other Events.
On January 11, 2021, Omega Alpha SPAC (the "Company") consummated an initial
public offering (the "IPO") of 13,800,000 Class A ordinary shares, $0.0001 par
value per share (the "Class A Ordinary Shares") at an offering price of $10.00
per Class A Ordinary Share and a private placement with Omega Alpha Management
(the "Sponsor") of 501,000 private placement Class A ordinary shares (the
"Private Placement Shares" and together with the Class A Ordinary Shares, the
"Shares") at a purchase price of $10.00 per Private Placement Share (the
"Private Placement"). The net proceeds from the IPO, together with certain of
the proceeds from the Private Placement, of $138,000,000 in the aggregate (the
"Offering Proceeds"), were placed in a U.S.-based trust account at J.P. Morgan
Chase Bank, N.A., established for the benefit of the Company's public
shareholders and the underwriters of the IPO, with Continental Stock Transfer &
Trust Company, acting as trustee.
An audited balance sheet as of January 11, 2021 reflecting receipt of the
Offering Proceeds 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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