8-K
Prime Impact Acquisition I (PRIAF)
UNITED STATES
SECURITIESAND EXCHANGE COMMISSION
Washington,D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant toSection 13 or Section 15(d) of the Securities Exchange Act of 1934
Date of Report(Date of earliest event reported): October 28, 2020
Prime ImpactAcquisition I
(Exact nameof registrant as specified in its charter)
| Cayman Islands | 001-39501 | 98-1554335 |
|---|---|---|
| (State or other jurisdiction ofincorporation or organization) | (Commission File Number) | (I.R.S. EmployerIdentification Number) |
| 123 E San Carlos Street, Suite 12San Jose, California | 95112 | |
| --- | --- | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’stelephone number, including area code: (650) 825-6965
Not Applicable
(Former nameor 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 | TradingSymbol(s) | Name of each exchangeon which registered |
|---|---|---|
| Units, each consisting of one Class A ordinary share, and one-third of one Warrant to acquire one Class A ordinary share | PIAI.U | The New York Stock Exchange |
| Class A ordinary shares, par value $0.0001 per share | PIAI | The New York Stock Exchange |
| Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 | PIAI.W | 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 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company x
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 October 28, 2020, Prime Impact Acquisition I (the “Company”) announced that the holders of the Company’s units (the “Units”) may elect to separately trade the Class A ordinary shares, par value $0.0001 per share (“Class A ordinary shares”), and redeemable warrants included in the Units commencing on November 2, 2020. Each Unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share. Any Units not separated will continue to trade on the New York Stock Exchange (“NYSE”) under the symbol “PIAI.U.” Any underlying Class A ordinary shares and warrants that are separated will trade on NYSE under the symbols “PIAI” and “PIAI.W,” respectively. No fractional warrants will be issued upon separation of the Units and only whole warrants will trade. Holders of Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the holders’ Units into Class A ordinary shares and warrants.
A copy of the press release issued by the Company announcing the separate trading of the securities underlying the Units is attached hereto as Exhibit 99.1.
| Item 9.01. | Financial Statements and Exhibits. |
|---|---|
| (d) | Exhibits. |
| --- | --- |
| 99.1 | Press Release, dated October 28, 2020. |
| --- | --- |
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.
Dated: October 28, 2020
| Prime Impact Acquisition I | |
|---|---|
| By: | /s/ Mark Long |
| Name: | Mark Long |
| Title: | Co-Chief Executive Officer and Chief Financial Officer |
Exhibit 99.1
FOR IMMEDIATE RELEASE:
PRIME IMPACT ACQUISITION I SECURITIESTO COMMENCE SEPARATE TRADING
San Jose, CA (October 28, 2020) – Prime Impact Acquisition I (NYSE: PIAI.U) (the “Company”) announced today that separate trading of its Class A ordinary shares and warrants underlying the Company’s units would commence on or about November 2, 2020. The Class A ordinary shares and warrants will trade under the symbols “PIAI” and “PIAI.W”, respectively. Units not separated will continue to be listed on NYSE under the symbol “PIAI.U.”
Prime Impact Acquisition I is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Prime Impact Acquisition I anticipates targeting companies or divisions of companies, globally in the TMT, Med Tech and Industrial Tech sectors.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements inherently involve risks and uncertainties that are detailed in the companies’ registration statements and other filings with the Securities and Exchange Commission and, therefore, actual results could differ materially from those projected in the forward-looking statements. The companies assume no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Prime Impact Acquisition I
Mike Cordano
admin@primeimpactcapital.com