Item 8.01. Other Events.
On January 12, 2021, KL Acquisition Corp (the "Company") consummated its initial
public offering (the "IPO") of 28,750,000 units (the "Units"), including
3,750,000 Units purchased by the underwriters as a result of the full exercise
of their over-allotment option. 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-third of one redeemable warrant of the Company (each whole
warrant, a "Warrant"), with each whole Warrant entitling the holder thereof to
purchase one share of Class A Common Stock for $11.50 per share. The Units were
sold at a price of $10.00 per Unit, generating gross proceeds to the Company of
$287,500,000.
On January 12, 2021, simultaneously with the consummation of the IPO, the
Company issued in a private sale (the "Private Placement") 5,166,667 warrants
(the "Private Placement Warrants") to KL Sponsor LLC, for approximately
$7,750,000.
A total of $287,500,000, comprised of $281,750,000 of the proceeds from the IPO
(which amount includes $10,062,500 of the underwriters' deferred underwriting
commissions) and $5,750,000 of the proceeds of the sale of the Private Placement
Warrants, was placed in a U.S.-based trust account maintained by Continental
Stock Transfer & Trust Company, acting as trustee.
An audited balance sheet as of January 12, 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.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Audited Balance Sheet as of January 12, 2021.
© Edgar Online, source Glimpses
KL ACQUISITION CORP 
