UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
(Amendment No. 1)
CURRENT REPORT
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Item 2.01 Completion of Acquisition or Disposition of Assets.
On April 6, 2021, Porch Group, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Initial Report”) regarding the completion of its acquisition on April 5, 2021 of Homeowners of America Holding Corporation (“HOA”), pursuant to the terms of that Agreement and Plan of Merger, dated as of January 13, 2021 (the “Merger Agreement”), by and among the Company, HOA, HPAC, Inc., a wholly-owned subsidiary of the Company (“Merger Sub”), and HOA Securityholder Representative, LLC, solely in its capacity as the representative for the securityholders of HOA, pursuant to which, among other matters, Merger Sub merged with and into HOA, with HOA surviving as a wholly-owned subsidiary of the Company (the “HOA Acquisition”).
This Amendment No. 1 to Current Report on Form 8-K/A (this “Form 8-K/A”) amends the Initial Report to file the historical financial statements and pro forma financial information required by Item 9.01 of Form 8-K that were previously omitted from the Initial Report as permitted by Item 9.01(a)(4).
Item 9.01 Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired.
HOA’s consolidated financial statements as of and for the years ended December 31, 2020 and 2019, the related notes, and the related report of JLK Rosenberger, LLP, independent registered public accounting firm, as set forth in their report thereon, are incorporated herein by reference as Exhibit 99.1 hereto.
HOA’s unaudited consolidated financial statements as of March 31, 2021 and for the three months ended March 31, 2021 and March 31, 2020 and the related notes are incorporated herein by reference as Exhibit 99.2 hereto.
(b) Pro Forma Financial Information.
The unaudited pro forma condensed combined financial information of the Company, giving effect to the HOA Acquisition, which includes the unaudited pro forma condensed combined balance sheet as of March 31, 2021 and the unaudited pro forma condensed combined statements of income for the year ended December 31, 2020 and for the three months ended March 31, 2021 and the related notes, are incorporated herein by reference as Exhibit 99.3 hereto.
The pro forma financial information included in this Form 8-K/A has been presented for informational purposes only and is not necessarily indicative of the combined financial position or results of operations that would have been realized had the Acquisitions occurred as of the dates indicated, nor is it meant to be indicative of any anticipated combined financial position or future results of operations that the Company will experience after the Acquisitions.
(d) Exhibits
SIGNATURES
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.
| PORCH GROUP, INC. | |||
| By: | /s/ Martin L. Heimbigner | ||
| Name: | Martin L. Heimbigner | ||
| Title: | Chief Financial Officer | ||
Date: June 21, 2021