SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 17, 2021 (March 11, 2021)
INDEPENDENCE HOLDINGS CORP.
(Exact name of registrant as specified in its charter)
|(State or other jurisdiction
277 Park Avenue
29th floor, Suite B
New York, NY 10172
(Address of principal executive offices, including zip code)
Registrants telephone number, including area code: (212) 704-3000
(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
Name of each exchange on
Units, each consisting of one Class A Ordinary Share and one-fifth of one Redeemable Warrant
|ACQRU||The Nasdaq Stock Market LLC|
Class A Ordinary Shares, par value $0.0001 per share
|ACQR||The Nasdaq Stock Market LLC|
Warrants, each whole warrant exercisable for one Class A Ordinary Share for $11.50 per share
|ACQRW||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 ☒
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 March 11, 2021, Independence Holdings Corp. (the Company) consummated its initial public offering (IPO) of 49,590,908 units (the Units), including 6,090,908 units sold upon partial exercise of the underwriters over-allotment option. Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share (the Class A Ordinary Shares), and one-fifth of one redeemable warrant of the Company (Warrant), with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $495,909,080.
Simultaneously with the closing of the IPO, pursuant to the Private Placement Warrants Purchase Agreement, the Company completed the private sale of an aggregate of 9,078,788 warrants to the Sponsor at a purchase price of $1.50 per warrant (the Private Placement Warrants), generating gross proceeds to the Company of $13,618,182.
A total of $495,909,080, comprised of $485,990,898 of the net proceeds from the IPO (which amount includes $17,356,817.80 of the underwriters deferred discount) and $9,918,182 of the proceeds of the sale of the Private Placement Warrants, was placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee.
An audited balance sheet as of March 11, 2021 reflecting receipt of the proceeds upon consummation of the IPO and the Private Placement has been issued by the Company and is included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statement and Exhibits.
|99.1||Audited Balance Sheet as of March 11, 2021.|
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.
|INDEPENDENCE HOLDINGS CORP.|
|By:||/s/ John Lawrence Furlong|
|Name: John Lawrence Furlong|
|Title: Chief Executive Officer|
Dated: March 17, 2021