Item 8.01. Other Events
As previously announced, on December 14, 2020, Utz Brands, Inc. (the "Company")
announced the redemption of all of its outstanding warrants (the "Redeemable
Warrants") to purchase shares of the Company's Class A Common Stock that were
issued under the Warrant Agreement, dated as of October 4, 2018 (the "Warrant
Agreement"), by and among the Company and Continental Stock Transfer & Trust
Company, as warrant agent, as part of the units sold in Collier Creek Holdings'
initial public offering and pursuant to the Forward Purchase Agreements, dated
as of September 7, 2018, among the Company, Collier Creek Partners LLC (the
"Sponsor") and certain of the Company's current and former independent directors
at a redemption price of $0.01 per Public Warrant for those Redeemable Warrants
that remain outstanding following 5:00 p.m. New York City time on January 14,
2021. Private Placement Warrants (as such term is defined in the Warrant
Agreement) still held by Permitted Transferees (as such term is defined in the
Warrant Agreement) of the Sponsor, are not subject to this redemption.
On January 11, 2021, the Company issued a press release announcing that, as of
January 8, 2021, approximately 11.4 million Redeemable Warrants had been
exercised. If the remaining approximately 4.4 million Redeemable Warrants are
not exercised prior to January 14, 2021, they will be redeemed on that date at
the redemption price of $0.01 per warrant. A copy of the press release is filed
as Exhibit 99.1 hereto and is incorporated herein by reference.
Neither this Current Report on Form 8-K nor the press release attached hereto as
Exhibit 99.1 constitute an offer to sell or the solicitation of an offer to buy
any Company securities, and shall not constitute an offer, solicitation or sale
in any jurisdiction in which such offering, solicitation or sale would be
unlawful.
Item 9.01. Financial Statement and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release, dated January 11, 2021--------------------------------------------------------------------------------
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UTZ BRANDS, INC. 
