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EX-99.1 - EX-99.1 - 10X Capital Venture Acquisition Corp. II | d193136dex991.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): August 13, 2021
10X CAPITAL VENTURE ACQUISITION CORP. II
(Exact name of registrant as specified in its charter)
Cayman Islands | 001-40722 | 98-1594494 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
1 World Trade Center, 85th Floor
New York, NY 10007
(Address of principal executive offices, including zip code)
Registrants telephone number, including area code: (212) 257-0069
Not Applicable
(Former name or former address, if changed since last report)
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 Class A ordinary share, $0.0001 par value, and one-third of one redeemable warrant | VCXAU | The Nasdaq Stock Market LLC | ||
Class A ordinary shares, par value $0.0001 par value | VCXA | The Nasdaq Stock Market LLC | ||
Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share | VCXAW | The Nasdaq Stock Market LLC |
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)) |
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 August 13, 2021, 10X Capital Venture Acquisition Corp. II (the Company) consummated its initial public offering (IPO) of 20,000,000 units (the Units). Each Unit consists of one Class A ordinary share, par value $0.0001 per share (the Class A Ordinary Shares), and one-third of one warrant of the Company (each, a Warrant), each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share, subject to adjustment. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $200,000,000. The Company has granted the underwriters for the IPO (the Underwriters) a 45-day option to purchase up to 3,000,000 additional Units to cover over-allotments, if any.
On August 13, 2021, simultaneously with the consummation of the IPO, the Company completed the private sale (the Private Placement) of an aggregate of 655,000 units (the Private Placement Units) to 10X Capital SPAC Sponsor II LLC (the Sponsor) and Cantor Fitzgerald & Co. at a purchase price of $10.00 per Private Placement Unit, generating gross proceeds to the Company of $6,550,000. 455,000 of the Private Placement Units were sold to the Sponsor and 200,000 of the Private Placement Units were sold to Cantor Fitzgerald & Co.
A total of $200,000,000, comprised of $196,000,000 of the proceeds from the IPO (which amount includes $7,000,000 of the underwriters deferred commission) and $4,000,000 of the proceeds of the sale of the Private Placement Units, was placed in a U.S.-based trust account at J.P. Morgan Chase Bank, N.A. maintained by Continental Stock Transfer & Trust Company, acting as trustee.
An audited balance sheet as of August 13, 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.
(d) Exhibits
EXHIBIT INDEX
Exhibit No. |
Description | |
99.1 | Audited Balance Sheet as of August 13, 2021. |
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.
10X CAPITAL VENTURE ACQUISITION CORP. II | ||||
By: | /s/ Hans Thomas | |||
Name: | Hans Thomas | |||
Title: | Chief Executive Officer and Chairman |
Dated: August 19, 2021