UNITED
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FORM
CURRENT REPORT
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Item 8.01. Other Events.
On December 2, 2021, Avalon Acquisition Inc. (the “Company”) issued a press release, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K, announcing that holders of the Company’s public units (the “Units”) sold in the Company’s initial public offering of 20,700,000 Units, which included 2,700,000 Units issued pursuant to the exercise in full of the Underwriter’s over-allotment option, may elect to separately trade the shares of Class A common stock, par value $0.0001 (the “Class A Common Stock”) and warrants (the “Warrants”) included in the Units commencing December 3, 2021. Each Unit consists of one share of Class A Common Stock and three-fourths of one redeemable Warrant. Those Units not separated will continue to trade on the Nasdaq Global Market under the symbol “AVACU”. The Class A Common Stock and the Warrants will trade on Nasdaq Global Market under the symbols “AVAC” and “AVACW”, respectively. No fractional Warrants will be issued upon separation of the Units and only whole Warrants will trade. Holders of the Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the Units into shares of Class A Common Stock and Warrants.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. |
Description | |
| 99.1 | Press Release, dated December 2, 2021. |
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.
| AVALON ACQUISITION INC. | |||
| By: | /s/ S. Craig Cognetti | ||
| Name: | S. Craig Cognetti | ||
| Title: | Chief Executive Officer | ||
| Dated: December 3, 2021 | |||