Item 8.01 Other Events
On January 12, 2021, SVF Investment Corp. (the Company) consummated an initial public offering (the IPO) of 60,375,000 units (the
Units) at an offering price of $10.00 per Unit, with each Unit consisting of one Class A ordinary share and one-fifth of one redeemable warrant of the Company (the Public
Warrants). The Company granted the underwriters of the IPO a 45-day option to purchase up to an additional 7,875,000 Units at the initial public offering price to cover over-allotments, which was
exercised in full.
Simultaneously with the consummation of the IPO and the issuance and sale of the Units, the Company consummated a private placement
with SVF Sponsor LLC (the Sponsor) of 9,383,333 warrants (the Private Placement Warrants) at a price of $1.50 per Private Placement Warrant (the Private Placement), generating total proceeds of $14,075,000.
The net proceeds from the IPO together with certain of the proceeds from the Private Placement, $603,750,000 in the aggregate (the Offering
Proceeds), were placed in a trust account established for the benefit of the Companys public shareholders and the underwriter of the IPO with Continental Stock Transfer & Trust Company acting as trustee. Except for the
withdrawal from interest earned on the Offering Proceeds in the trust account to fund franchise and income taxes payable, or upon the redemption by public holders of Class A ordinary shares in connection with certain amendments to the
Companys amended and restated memorandum of association, none of the funds held in the trust account will be released until the earlier of the completion of the Companys initial business combination or the redemption of 100% of the
Class A ordinary shares included in the Units and issued by the Company in the IPO if the Company is unable to consummate an initial business combination within 24 months from the closing of the IPO.
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.