United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
Current Report
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Item 8.01 Other Events
As previously disclosed, pursuant to the First Amendment to the Merger Agreement dated January 6, 2022 by and among Model Performance Acquisition Corp. (NASDAQ: MPAC, the “Company”), MultiMetaVerse Inc. (“MMV”) and other parties named therein, MMV has agreed to loan the Company an aggregate principal amount of $2.75 million (the “Loan”) to fund any and all amounts required to extend the period of time the Company has to complete a business combination (the “Combination Period”) for up to two (2) times for an additional three (3) months period each time. As of the date of this filing, the Company has received an aggregate $2.46 million of the Loan amount. The Loan bears no interest and is repayable only at the closing of a business combination by the Company.
On June 30, 2022, the Company issued a press release filed herewith, announcing that on June 29, 2022, using the Loan amount received, the Company has deposited into the Company’s trust account $575,000 (representing $0.10 per Class A ordinary share) to extend the Combination Period from July 12, 2022 to October 12, 2022. The materials attached as Exhibit 99.1 are incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release dated June 30, 2022 | |
| 104 | Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document) |
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.
| Dated: June 30, 2022 | Model Performance Acquisition Corp. | |
| By: | /s/ Serena Shie | |
| Name: | Serena Shie | |
| Title: | Chief Financial Officer | |