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ENPC Executive Network Partnering

Filed: 24 Sep 20, 5:16pm

 

 

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): September 18, 2020

 

 

EXECUTIVE NETWORK PARTNERING CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware 001-39521 85-1669324

(State or other jurisdiction

of incorporation or organization)

 

(Commission

File Number)

 (I.R.S. Employer
Identification Number)


137 Newbury Street, 7th Floor

Boston, Massachusetts

 02116
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (857) 362-9205

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 to 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

CAPSTM, each consisting of one share of Class A common stock and one-fourth of one redeemable warrant ENPC.U The New York Stock Exchange
Class A common stock, par value $0.0001 per share ENPC The New York Stock Exchange
Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $28.75 per share ENPC 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 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.  ☐

 

 

 


Item 8.01. Other Events.

On September 18, 2020, Executive Network Partnering Corporation (the “Company”) consummated its initial public offering (the “IPO”) of 14,400,000 CAPSTM (the “CAPSTM”),, including the issuance of 2,160,000 CAPSTM as a result of the underwriter’s exercise in full of its over-allotment option. Each CAPSTM consists of one share of Class A common stock of the Company, par value $0.0001 per share (“Class A Common Stock”), and one-fourth of one redeemable warrant of the Company (“Warrant”), each whole Warrant entitling the holder thereof to purchase one share of Class A Common Stock at an exercise price of $28.75 per share. The CAPSTM were sold at a price of $25.00 per CAPSTM, generating gross proceeds to the Company of $414,000,000.

Substantially concurrently with the consummation of the IPO, the Company completed the private sale (the “Private Placement”) of 245,600 CAPSTM (the “Private Placement CAPSTM”) at a purchase price of $25.00 per Private Placement CAPSTM, to the Company’s sponsor, ENPC Holdings, LLC, generating gross proceeds to the Company of approximately $6,140,000.

A total of $414,000,000, comprised of $409,860,000 of the proceeds from the IPO, and $4,140,000 of the proceeds of the sale of the Private Placement CAPSTM, were placed in a trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee. An audited balance sheet as of September 18, 2020 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 Statements and Exhibits.

 

(d)  Exhibits.
99.1  Audited Balance Sheet


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: September 24, 2020

 

EXECUTIVE NETWORK PARTNERING CORPORATION
         By: 

/s/ Alex J. Dunn

 Name: Alex J. Dunn
 Title: Chief Executive Officer