Attached files

file filename
EX-99.2 - PRESS RELEASE, DATED JANUARY 26, 2021. - Virtuoso Acquisition Corp.ea134050ex99-2_virtuoso.htm
EX-99.1 - PRESS RELEASE, DATED JANUARY 21, 2021. - Virtuoso Acquisition Corp.ea134050ex99-1_virtuoso.htm
EX-10.5 - PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT, DATED JANUARY 21, 2021, BY AND BE - Virtuoso Acquisition Corp.ea134050ex10-5_virtuoso.htm
EX-10.4 - ADMINISTRATIVE SUPPORT AGREEMENT, DATED JANUARY 21, 2021, BY AND BETWEEN THE COM - Virtuoso Acquisition Corp.ea134050ex10-4_virtuoso.htm
EX-10.3 - REGISTRATION RIGHTS AGREEMENT, DATED JANUARY 21, 2021, BY AND BETWEEN THE COMPAN - Virtuoso Acquisition Corp.ea134050ex10-3_virtuoso.htm
EX-10.2 - INVESTMENT MANAGEMENT TRUST AGREEMENT, DATED JANUARY 21, 2021, BY AND BETWEEN TH - Virtuoso Acquisition Corp.ea134050ex10-2_virtuoso.htm
EX-10.1 - LETTER AGREEMENT, DATED JANUARY 21, 2021, BY AND AMONG THE COMPANY, ITS OFFICERS - Virtuoso Acquisition Corp.ea134050ex10-1_virtuoso.htm
EX-4.1 - WARRANT AGREEMENT, DATED JANUARY 21, 2021, BY AND BETWEEN THE COMPANY AND CONTIN - Virtuoso Acquisition Corp.ea134050ex4-1_virtuoso.htm
EX-3.1 - AMENDED AND RESTATED CERTIFICATE OF INCORPORATION - Virtuoso Acquisition Corp.ea134050ex3-1_virtuoso.htm
EX-1.1 - UNDERWRITING AGREEMENT, DATED JANUARY 21, 2021 BY AND BETWEEN THE COMPANY, BTIG - Virtuoso Acquisition Corp.ea134050ex1-1_virtuoso.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): January 26, 2021

 

Virtuoso Acquisition Corp.

(Exact name of registrant as specified in its charter)

 

Delaware  

001-39913

 

82-2749750

(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

180 Post Road East
Westport, CT 06880

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (203) 227-1978

 

Not Applicable
(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications 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-commencement 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, par value $0.0001 per share, and one-half of one Redeemable Warrant   VOSOU   The Nasdaq Stock Market LLC
         
Shares of Class A common stock, par value $0.0001 per share, included as part of the Units   VOSO   The Nasdaq Stock Market LLC
         
Redeemable Warrants included as part of the Units   VOSOW   The Nasdaq Stock Market LLC

 

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 þ

 

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 1.01. Entry into a Material Definitive Agreement.

 

On January 26, 2021, Virtuoso Acquisition Corp. (the “Company”) consummated its initial public offering (the “IPO”) of 23,000,000 units (the “Units”), including 3,000,000 Units issued pursuant to the full exercise of the underwriters’ 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-half of one redeemable warrant of the Company (“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 $230,000,000.

 

In connection with the IPO, the Company entered into the following agreements, forms of which were previously filed as exhibits to the Company’s Registration Statement on Form S-1 (File No. 333-251781) related to the IPO, originally filed with the U.S. Securities and Exchange Commission (the “Commission”) on December 29, 2020 (as amended, the “Registration Statement”):

 

  An Underwriting Agreement, dated January 21, 2021, by and between the Company, BTIG, LLC (“BTIG”) and Moelis & Company LLC (“Moelis”), a copy of which is attached as Exhibit 1.1 hereto and incorporated herein by reference.

 

  A Warrant Agreement, dated January 21, 2021, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, a copy of which is attached as Exhibit 4.1 hereto and incorporated herein by reference.

 

  A Letter Agreement, dated January 21, 2021, by and among the Company, its officers, its directors and the Company’s sponsor, Healthcare Capital Sponsor (the “Sponsor”), a copy of which is attached as Exhibit 10.1 hereto and incorporated herein by reference.

 

  An Investment Management Trust Agreement, dated January 21, 2021, by and between the Company and Continental Stock Transfer & Trust Company, as trustee, a copy of which is attached as Exhibit 10.2 hereto and incorporated herein by reference.

 

  A Registration Rights Agreement, dated January 21, 2021, by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.3 hereto and incorporated herein by reference.

 

  An Administrative Support Agreement, dated January 21, 2021, by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.4 hereto and incorporated herein by reference.

 

  A Private Placement Warrants Purchase Agreement, dated January 21, 2021 (the “Private Placement Warrants Purchase Agreement”), by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.5 hereto and incorporated herein by reference.

 

Item 3.02. Unregistered Sales of Equity Securities.

 

Simultaneously with the closing of the IPO, pursuant to the Private Placement Warrants Purchase Agreement, the Company completed the private sale of an aggregate of 6,000,000 warrants (the “Private Placement Warrants”) to the Sponsor at a purchase price of $1.00 per Private Placement Warrant, generating gross proceeds to the Company of $6,600,000. The Private Placement Warrants are identical to the Warrants included in the Units sold as part of the Units in the IPO, except as otherwise disclosed in the Registration Statement. No underwriting discounts or commissions were paid with respect to such sale. The issuance of the Private Placement Warrants was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

  

Item 5.03. Amendments to Certificate of Incorporation or Bylaws; Change in Fiscal Year.

 

On January 21, 2021, in connection with the IPO, the Company filed its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware, effective the same day. The terms of the Amended and Restated Certificate of Incorporation are set forth in the Registration Statement and are incorporated herein by reference. A copy of the Amended and Restated Certificate of Incorporation is attached as Exhibit 3.1 hereto and incorporated herein by reference.

 

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Item 8.01. Other Events.

 

A total of $236,600,000, comprised of $230,200,000 of the proceeds from the IPO (which amount includes $8,050,000 of the underwriter’s deferred discount) and $6,600,000 of the proceeds of the sale of the Private Placement Warrants, was placed in a U.S.-based trust account at Citibank N.A. maintained by Continental Stock Transfer & Trust Company, acting as trustee. Except with respect to interest earned on the funds held in the trust account that may be released to the Company to pay its taxes (less up to $100,000 interest to pay dissolution expenses), the funds held in the trust account will not be released from the trust account until the earliest of (i) the completion of the Company’s initial business combination, (ii) the redemption of any of the Company’s public shares properly submitted in connection with a stockholder vote to amend the Company’s amended and restated certificate of incorporation (a) to modify the substance or timing of its obligation to redeem 100% of the Company’s public shares if it does not complete its initial business combination within 24 months from the closing of the IPO or (b) with respect to any other provision relating to stockholders’ rights or pre-initial business combination activity and (iii) the redemption of the Company’s public shares if it is unable to complete its initial business combination within 24 months from the closing of the IPO, subject to applicable law.

 

In addition, the 5,750,000 shares of Class B common stock of the Company (the “Founder Shares”) held by the Sponsor (prior to the exercise of the over-allotment) included an aggregate of up to 750,000 Founder Shares subject to forfeiture by the Sponsor to the extent that the underwriter’s over-allotment option was not exercised in full, so that the Sponsor would own 20% of the issued and outstanding shares of all classes of common stock of the Company.

  

On January 21, 2021, the Company issued a press release announcing the pricing of the IPO, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.

 

On January 27, 2021, the Company issued a press release announcing the closing of the IPO, a copy of which is attached as Exhibit 99.2 to this Current Report on Form 8-K.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

The following exhibits are being filed herewith:

 

Exhibit No.    Description
     
1.1   Underwriting Agreement, dated January 21, 2021 by and between the Company, BTIG LLC, and Moelis & Company LLC., as representatives of the several underwriters.
     
3.1   Amended and Restated Certificate of Incorporation.
     
4.1   Warrant Agreement, dated January 21, 2021, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent.
     
10.1   Letter Agreement, dated January 21, 2021, by and among the Company, its officers, its directors and the Sponsor.
     
10.2   Investment Management Trust Agreement, dated January 21, 2021, by and between the Company and Continental Stock Transfer & Trust Company, as trustee.
     
10.3   Registration Rights Agreement, dated January 21, 2021, by and between the Company and the Sponsor.
     
10.4   Administrative Support Agreement, dated January 21, 2021, by and between the Company and the Sponsor.
     
10.5   Private Placement Warrants Purchase Agreement, dated January 21, 2021, by and between the Company and the Sponsor.
     
99.1   Press Release, dated January 21, 2021.
     
99.2   Press Release, dated January 26, 2021.

 

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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.

 

  Virtuoso Acquisition Corp.
     
  By: /s/ Jeffrey D. Warshaw
    Name:  Jeffrey D. Warshaw
    Title: Chief Executive Officer
     
Dated: January 27, 2021    

 

 

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