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Archer Aviation Inc. – ‘8-K’ for 10/27/20

On:  Monday, 11/2/20, at 4:31pm ET   ·   For:  10/27/20   ·   Accession #:  1213900-20-34540   ·   File #:  1-39668

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/02/20  Atlas Crest Investment Corp.      8-K:1,3,5,810/27/20   13:966K                                   EdgarAgents LLC/FA

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     32K 
 2: EX-1.1      Underwriting Agreement, Dated October 27, 2020, by  HTML    177K 
                and Between the Company and Cantor Fitzgerald &                  
                Co., as Representative of the Several Underwriters               
 3: EX-1.2      Business Combination Marketing Agreement, Dated     HTML     36K 
                October 27, 2020, by and Between the Company,                    
                Cantor Fitzgerald & Co., and Moelis & Company LLC                
 4: EX-3.1      Amended and Restated Certificate of Incorporation   HTML     70K 
 5: EX-4.1      Warrant Agreement, Dated October 27, 2020, by and   HTML     96K 
                Between the Company and Continental Stock Transfer               
                & Trust Company, as Warrant Agent                                
 6: EX-10.1     Letter Agreement, Dated October 27, 2020, by and    HTML     46K 
                Among the Company, Its Officers, Its Directors and               
                the Sponsor                                                      
 7: EX-10.2     Investment Management Trust Agreement, Dated        HTML     60K 
                October 27, 2020, by and Between the Company and                 
                Continental Stock Transfer & Trust Company, as                   
                Trustee                                                          
 8: EX-10.3     Registration Rights Agreement, Dated October 27,    HTML     78K 
                2020, by and Between the Company and the Sponsor                 
 9: EX-10.4     Form of Indemnity Agreement, Dated October 27,      HTML     79K 
                2020, by and Between the Company and Each of Its                 
                Officers and Directors                                           
10: EX-10.5     Administrative Support Agreement, Dated October     HTML     16K 
                27, 2020, by and Between the Company and the                     
                Sponsor                                                          
11: EX-10.6     Private Placement Warrants Purchase Agreement,      HTML     36K 
                Dated October 27, 2020, by and Between the Company               
                and the Sponsor                                                  
12: EX-99.1     Press Release, Dated October 27, 2020               HTML     11K 
13: EX-99.2     Press Release, Dated October 30, 2020               HTML     11K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 

  

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): November 2, 2020 (October 27, 2020)

 

Atlas Crest Investment Corp.

(Exact name of registrant as specified in its charter)

 

Delaware   001-39668   85-2730902
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

399 Park Avenue

New York, New York 10022

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (212) 883-3800

 

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   ACIC.U   The New York Stock Exchange
         
Class A Common Stock, par value $0.0001 per share   ACIC   The New York Stock Exchange
         
Warrants, each exercisable for one share of Class A Common Stock for $11.50 per share   ACIC WS   The 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 (§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.

   

 
 C: 

 

 

  

Item 1.01. Entry into a Material Definitive Agreement.

 

On October 30, 2020, Atlas Crest Investment Corp. (the “Company”) consummated its initial public offering (the “IPO”) of 50,000,000 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 (“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 $500,000,000. Pursuant to the Underwriting Agreement (defined below), the Company granted the underwriters a 45-day option to purchase up to 7,500,000 additional Units solely to cover over-allotments, if any.

 

In connection with the IPO, the Company entered into the following agreements, forms of which were previously filed as exhibits to the Company’s Registration Statement on Form S-1 (File No. 333-249289) related to the IPO, initially filed with the U.S. Securities and Exchange Commission (the “Commission”) on October 2, 2020 (as amended, the “Registration Statement”):

 

An Underwriting Agreement (the “Underwriting Agreement”), dated October 27, 2020, by and between the Company and Cantor Fitzgerald & Co., as representative of the several underwriters, a copy of which is attached as Exhibit 1.1 hereto and incorporated herein by reference.

 

A Business Combination Marketing Agreement, dated October 27, 2020, by and among the Company, Cantor Fitzgerald & Co. and Moelis & Company LLC, a copy of which is attached as Exhibit 1.2 hereto and incorporated herein by reference.

 

A Warrant Agreement, dated October 27, 2020, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, a copy of which is attached as Exhibit 4.1 hereto and incorporated herein by reference.

 

A Letter Agreement, dated October 27, 2020, by and among the Company, its officers, its directors and the Company’s sponsor, Atlas Crest Investment LLC (the “Sponsor”), a copy of which is attached as Exhibit 10.1 hereto and incorporated herein by reference.

 

An Investment Management Trust Agreement, dated October 27, 2020, by and between the Company and Continental Stock Transfer & Trust Company, as trustee, a copy of which is attached as Exhibit 10.2 hereto and incorporated herein by reference.

 

A Registration Rights Agreement, dated October 27, 2020 by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.3 hereto and incorporated herein by reference.

 

An Indemnity Agreement, dated October 27, 2020, by and between the Company and each of its officers and directors, a form of which is attached as Exhibit 10.4 hereto and incorporated herein by reference.

 

An Administrative Support Agreement, dated October 27, 2020 by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.5 hereto and incorporated herein by reference.

 

A Private Placement Warrants Purchase Agreement, dated October 27, 2020 (the “Placement Warrants Purchase Agreement”), by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.6 hereto and incorporated herein by reference.

  

Item 3.02. Unregistered Sales of Equity Securities.

 

Simultaneously with the closing of the IPO, pursuant to the Placement Warrants Purchase Agreement, the Company completed the private sale of an aggregate of 8,000,000 warrants (the “Placement Warrants”) to the Sponsor at a purchase price of $1.50 per Placement Warrant, generating gross proceeds to the Company of $12,000,000. The Placement Warrants are identical to the Warrants sold as part of the Units in the IPO, except as otherwise disclosed in the Registration Statement. No underwriting discounts or commissions were paid with respect to such sale. The issuance of the Placement Warrants was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

   

Item 5.03. Amendments to Certificate of Incorporation or Bylaws; Change in Fiscal Year.

 

On October 29, 2020, in connection with the IPO, the Company filed its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware, effective the same day. The terms of the Amended and Restated Certificate of Incorporation are set forth in the Registration Statement and are incorporated herein by reference. A copy of the Amended and Restated Certificate of Incorporation is attached as Exhibit 3.1 hereto and incorporated herein by reference.

 

 C: 

 C: 1

 

  

Item 8.01. Other Events.

 

A total of $500,000,000, comprised of $490,000,000 of the proceeds from the IPO and $10,000,000 of the proceeds of the sale of the Placement Warrants, was placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee. Except with respect to interest earned on the funds held in the trust account that may be released to the Company to pay its taxes (less up to $100,000 interest to pay dissolution expenses, if any), the funds held in the trust account will not be released from the trust account until the earliest of (i) the completion of the Company’s initial business combination, (ii) the redemption of any of the Company’s public shares properly submitted in connection with a stockholder vote to amend the Company’s amended and restated certificate of incorporation (a) to modify the substance or timing of its obligation to redeem 100% of the Company’s public shares if it does not complete its initial business combination within 24 months from the closing of the IPO or (b) with respect to any other provision relating to stockholders’ rights or pre-initial business combination activity and (iii) the redemption of the Company’s public shares if it is unable to complete its initial business combination within 24 months from the closing of the IPO, subject to applicable law.

 

On October 27, 2020, the Company issued a press release announcing the pricing of the IPO, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.

 

On October 30, 2020, the Company issued a press release announcing the closing of the IPO, a copy of which is attached as Exhibit 99.2 to this Current Report on Form 8-K.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

The following exhibits are being filed herewith:

 

Exhibit No.    Description
     
1.1   Underwriting Agreement, dated October 27, 2020, by and between the Company and Cantor Fitzgerald & Co., as representative of the several underwriters.
     
1.2   Business Combination Marketing Agreement, dated October 27, 2020, by and between the Company, Cantor Fitzgerald & Co., and Moelis & Company LLC.
     
3.1   Amended and Restated Certificate of Incorporation.
     
4.1   Warrant Agreement, dated October 27, 2020, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent.
     
10.1   Letter Agreement, dated October 27, 2020, by and among the Company, its officers, its directors and the Sponsor.
     
10.2   Investment Management Trust Agreement, dated October 27, 2020, by and between the Company and Continental Stock Transfer & Trust Company, as trustee.
     
10.3   Registration Rights Agreement, dated October 27, 2020, by and between the Company and the Sponsor.
     
10.4   Form of Indemnity Agreement, dated October 27, 2020, by and between the Company and each of its officers and directors.
     
10.5   Administrative Support Agreement, dated October 27, 2020, by and between the Company and the Sponsor.
     
10.6   Private Placement Warrants Purchase Agreement, dated October 27, 2020, by and between the Company and the Sponsor.
     
99.1   Press Release, dated October 27, 2020.
     
99.2   Press Release, dated October 30, 2020.

 

 C: 

2

 

  

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.

 

  Atlas Crest Investment Corp.
     
  By: /s/ Michael Spellacy          
    Name:  Michael Spellacy
    Title: Chief Executive Officer
     
Dated: November 2, 2020    

 

 

3

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on:11/2/20
10/30/203,  8-K
10/29/20424B4
For Period end:10/27/203,  8-A12B,  CERT,  EFFECT
10/2/20DRS,  S-1
 List all Filings 


20 Subsequent Filings that Reference this Filing

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