Item 3.02 Unregistered Sales of Equity Securities.
On March 30, 2023, Home Plate Acquisition Corp. (the "Company") issued an
aggregate of 3,650,000 shares of its Class A common stock, par value $0.0001 per
share ("Class A Common Stock") to Home Plate Sponsor LLC (the sponsor of the
Company), Michael A. DeSimone, Michele Docharty, Ross Fubini and Rhonda
Ramparas, holders of the Company's Class B common stock, par value $0.0001 per
share ("Class B Common Stock" and, together with the Class A Common Stock, the
"Common Stock") (such holders of shares of Class B Common Stock collectively,
the "Initial Stockholders"), upon the conversion of an equal number of shares of
Class B Common Stock (the "Conversion"). The 3,650,000 shares of Class A Common
Stock issued in connection with the Conversion are subject to the same
restrictions as applied to the shares of Class B Common Stock before the
Conversion, including, among other things, certain transfer restrictions, waiver
of redemption rights and the obligation to vote in favor of an initial business
combination, as described in the prospectus for the Company's initial public
offering.
Following the Conversion, there are 5,922,935 shares of Class A Common Stock
issued and outstanding, and 1,350,000 shares of Class B Common Stock issued and
outstanding. As a result of the Conversion, the Initial Stockholders hold
approximately 61.6% of the outstanding shares of the Company's Class A Common
Stock.
The issuance of the shares of Class A Common Stock upon the Conversion has not
been registered under the Securities Act of 1933, as amended, in reliance on the
exemption from registration provided by Section 3(a)(9) thereof.
Item 7.01 Regulation FD Disclosure
The disclosure set forth above in Item 3.02 of this Current Report on Form 8-K
is incorporated by reference in this Item 7.01.
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