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EX-99.1 - EX-99.1 - Offerpad Solutions Inc. | d26131dex991.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 23, 2020
Supernova Partners Acquisition Company, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 001-39641 | 85-2800538 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
4301 50th Street NW Suite 300, PMB 1044 Washington, D.C. |
20016 | |
(Address of Principal Executive Offices) | (Zip Code) |
(202) 918-7050
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencements communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
Units, each consisting of one share of Class A common stock and one-third of one warrant | SPNV.U | The New York Stock Exchange | ||
Class A common stock, par value $0.0001 per share | SPNV | The New York Stock Exchange | ||
Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share | SPNV WS | The New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. | Other Events. |
On October 23, 2020, Supernova Partners Acquisition Company, Inc. (the Company) consummated its initial public offering (the IPO) of 40,250,000 units (the Units). Each Unit consists of one share of Class A common stock, par value $0.0001 per share (Class A Common Stock), of the Company and one-third of one redeemable warrant of the Company (the Warrants), with each whole Warrant entitling the holder thereof to purchase one whole 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 $402,500,000.
Simultaneously with the consummation of the IPO on October 23, 2020, the Company completed the private sale (the Private Placement) of 6,700,000 warrants (the Private Placement Warrants) at a purchase price of $1.50 per Private Placement Warrant, to the Companys sponsor, Supernova Partners LLC, generating gross proceeds to the Company of $10,050,000.
Approximately $402.5 million of the net proceeds from the IPO and the sale of the Private Placement Warrants to the Sponsor have been deposited in a trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee, established for the benefit of the Companys public stockholders. An audited balance sheet as of October 23, 2020 reflecting receipt of the net proceeds from the IPO and the Private Placement 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 of Exhibits | |
99.1 | Audited Pro Forma Balance Sheet, as of October 23, 2020 |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Supernova Partners Acquisition Company, Inc. | ||||||
Date: October 29, 2020 | By: | /s/ Michael S. Clifton | ||||
Name: | Michael S. Clifton | |||||
Title: | Chief Financial Officer |
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