UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 6, 2017
| I-AM CAPITAL ACQUISITION COMPANY |
(Exact name of registrant as specified in its charter)
| Delaware | 001-38188 | 82-1231127 | ||
| (State or other jurisdiction of incorporation or organization) |
(Commission File Number) | (I.R.S. Employer Identification Number) |
|
1345 Avenue of the Americas, 2nd Floor New York, New York |
10105 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (212) 878-3684
| 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 to 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 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 6, 2017, I-AM Capital Acquisition Company (the “Company”) announced that the securities included in the units issued in the Company’s initial public offering (the “Units”) will trade separately commencing on October 9, 2017. The Units will cease trading and will automatically separate into their component securities on such date. Each Unit consists of one share of common stock, $0.0001 par value per share (the “Common Stock”), of the Company, one right entitling the holder thereof to receive one-tenth (1/10) of one share of Common Stock upon the consummation of the Company’s initial business combination (the “Right”), and one warrant entitling the holder thereof to purchase one share of the Common Stock at a price of $11.50 per share (the “Warrant”). Upon separation, all of the underlying shares of Common Stock, Rights and Warrants are expected to trade on the NASDAQ Capital Market under the symbols “IAM,” “IAMXR” and “IAMXW,” respectively.
A copy of the press release issued by the Company announcing the separate trading of the securities underlying the Units is included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits. |
|
Exhibit Number |
Description |
| 99.1 | Press Release, dated October 6, 2017 |
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.
Dated: October 6, 2017
| I-AM CAPITAL ACQUISITION COMPANY | ||
| By: | /s/ F. Jacob Cherian | |
| Name: F. Jacob Cherian | ||
| Title: Chief Executive Officer | ||
Exhibit 99.1
I-AM Capital Acquisition Company Announces Separate Trading of its Common Stock, Rights and Warrants, Commencing October 9, 2017
New York, NY – October 6, 2017 – I-AM Capital Acquisition Company (the “Company”) (NASDAQ: IAMXU) announced today that, commencing on October 9, 2017, the securities included in the units sold in the Company’s initial public offering (the “Units”) will trade separately. The Units will cease trading and will automatically separate into their component securities on such date. Each Unit consists of one share of common stock, $0.0001 par value per share (the “Common Stock”), of the Company, one right entitling the holder thereof to receive one-tenth (1/10) of one share of Common Stock upon the consummation of the Company’s initial business combination (the “Right”), and one warrant entitling the holder thereof to purchase one share of the Common Stock at a price of $11.50 per share (the “Warrant”). The Common Stock, the Rights and the Warrants that are separated are expected to trade on NASDAQ under the symbols “IAM,” “IAMXR” and “IAMXW,” respectively.
A registration statement relating to the Units and the underlying securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on August 16, 2017.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and final prospectus for the Company’s initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
CONTACT:
I-AM Capital Acquisition Company
Suhel Kanuga
sk@i-amcapital.com
(212) 878-3684