cik1851174-8k_20210827.DOCX.htm




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): August 27, 2021 __________________ WORLD QUANTUM GROWTH ACQUISITION CORP. (Exact name of registrant as specified in its charter) __________________
Cayman Islands (State or other jurisdiction of incorporation or organization)	001-40728 (Commission File Number)		98-1588038 (I.R.S. Employer Identification No.)
PO Box 309, Ugland House Grand Cayman (Address of principal executive offices)			KY1-1104 (Zip Code)
(345) 949 8066 Registrant’s telephone number, including area code 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 Class A Ordinary Share, $0.0001 par value, and one-half of one redeemable warrant		WQGA.U		New York Stock Exchange
Class A Ordinary Shares included as part of the units		WQGA		New York Stock Exchange
Redeemable warrants included as part of the units, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50		WQGA WS		New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
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. ☐

The information provided in Item 8.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02.

As previously disclosed on a Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on August 13, 2021, World Quantum Growth Acquisition Corp., a Cayman Islands exempted company (the “Company”), consummated its initial public offering (the “IPO”) of 20,000,000 units (the “Units”). Each Unit consists of one Class A ordinary share, $0.0001 par value per share (the “Class A Ordinary Shares”), and one-half of one redeemable warrant (the “Public Warrants”), each whole Public Warrant entitling the holder thereof to purchase one Class A Ordinary Share at an exercise price of $11.50 per share. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $200,000,000. The Company granted the underwriter a 45-day option to purchase up to 3,000,000 additional Units to cover over-allotments, if any.

As also previously disclosed, on August 10, 2021, the Company consummated the private placement with World Quantum Growth Acquisition LLC (the “Sponsor”) of 8,500,000 private placement warrants, each exercisable to purchase one Class A Ordinary Share at $11.50 per share, subject to adjustment, at a price of $1.00 per warrant (the “Private Placement Warrants”) generating gross proceeds of $8,500,000.

Subsequently, on August 27, 2021, the Company announced the closing (the “Over-Allotment Closing”) of its sale of an additional 395,000 Units pursuant to the partial exercise by the underwriter of its over-allotment option (the “Over-Allotment Option”). The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $3,950,000. Simultaneously with the partial exercise of the Over-Allotment Option, the Company sold an additional 118,500 Private Placement Warrants to the Sponsor, generating gross proceeds to the Company of $118,500, which Private Placement Warrants are identical to the Private Placement Warrants sold to the Sponsor on August 10, 2021. Following the closing of the Over-Allotment Option, an aggregate amount of $205,989,500 has been placed in the Company’s trust account established in connection with the IPO.

An audited balance sheet as of August 13, 2021 reflecting receipt of the proceeds upon consummation of the IPO has been issued by the Company and previously filed with the SEC as Exhibit 99.1 to a Current Report on Form 8-K on August 20, 2021. The Company’s unaudited pro forma balance sheet as of August 13, 2021, adjusted for the Over-Allotment Closing on August 27, 2021, is included as Exhibit 99.1 to this Current Report on Form 8-K.

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.