8-K 1 ea126446-8k_emergetech.htm CURRENT REPORT

 

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): September 4, 2020

 

E.Merge Technology Acquisition Corp.

(Exact name of registrant as specified in its charter)

 

Delaware   001-39416   85-1177400
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

533 Airport Blvd

Suite 400

Burlingame, CA 94010

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (619) 736-6855

 

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 and one-third of one Redeemable Warrant   ETACU   The NASDAQ Stock Market LLC
         
Class A Common Stock, par value $0.0001 per share   ETAC   The NASDAQ Stock Market LLC
         
Warrants, each exercisable for one share Class A Common Stock for $11.50 per share   ETACW   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 8.01. Other Events.

 

On August 4, 2020, E.Merge Technology Acquisition Corp. (the “Company”) consummated its initial public offering (the “IPO”) of 52,200,000 units (the “Units”). 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 third of one redeemable warrant of the Company (each whole warrant, a “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 $522,000,000. The Company granted the underwriters in the IPO, a 45-day option to purchase up to 7,830,000 additional Units solely to cover over-allotments, if any.

 

On August 4, 2020, simultaneously with the consummation of the IPO, the Company completed the private sale of an aggregate of 1,200,000 Units (the “Private Placement Units”) to E.Merge Technology Sponsor LLC, the sponsor of the Company, generating gross proceeds to the Company of $12,000,000.

 

On August 4, 2020, a total of $522,000,000, comprised of $510,000,000 of the proceeds from the IPO (which amount includes $18,270,000 of the underwriters’ deferred discount) and $12,000,000 of the proceeds of the sale of the Private Placement Units, was placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee.

 

On September 4, 2020, the Company consummated the sale of an additional 7,800,000 Units that were subject to the underwriters’ over-allotment option at $10.00 per Unit, generating gross proceeds of $78,000,000. Following the closing of the over-allotment option, an aggregate amount of $600,000,000 has been placed in the Company’s trust account established in connection with the IPO.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
99.1   Press Release, dated September 4, 2020

 

 

  

 

 

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. 

 

  E.Merge Technology Acquisition Corp.
     
  By: /s/ Jeff Clarke
    Name:  Jeff Clarke
    Title: Co-Chief Executive Officer and
Chief Financial Officer
     
Dated: September 4, 2020