Item 8.01. Other Events.
On January 14, 2021, 890 5th Avenue Partners, Inc., a Delaware corporation (the
"Company"), completed its initial public offering (the "IPO") of 28,750,000
units ("Units"), including the issuance of 3,750,000 Units as a result of the
underwriters' full exercise of their over-allotment option. Each Unit consists
of one share of Class A common stock, par value $0.0001 per share ("Class A
Common Stock"), and one-third of one redeemable warrant ("Warrant"), each whole
Warrant entitling the holder thereof to purchase one share of Class A Common
Stock at an exercise price of $11.50 per share, subject to adjustment, pursuant
to the Company's registration statement on Form S-1 (File No. 333-251650). The
Units were sold at an offering price of $10.00 per Unit, generating gross
proceeds to the Company of $287,500,000.
As previously reported on a Current Report on Form 8-K of the Company filed on
January 15, 2021, simultaneously with the consummation of the IPO, the Company
completed a private placement of an aggregate of 777,500 units (the "Private
Placement Units") at a price of $10.00 per Private Placement Unit, generating
total gross proceeds of $7,775,000 (the "Private Placement").
A total of $287,500,000 of the net proceeds from the IPO and the Private
Placement was deposited in a trust account established for the benefit of the
Company's public stockholders. An audited balance sheet as of January 14, 2021,
reflecting receipt of the proceeds upon consummation of the IPO and the Private
Placement, has been issued by the Company and is attached hereto as Exhibit
99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No. Description
99.1 Audited balance sheet.
1
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