Item 8.01. Other Events.

On December 27, 2022, Powered Brands (the "Company") issued a press release announcing it will redeem all of its outstanding Class A ordinary shares, par value $0.0001 per share, effective as of the close of business on January 12, 2023, because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.





Exhibit No.   Description
  99.1*         Press Release, dated December 27, 2022
104           Cover Page Interactive Data File (embedded within the Inline XBRL document)



* Furnished herewith.

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