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Prospector Capital (PRSR)

Filed: 7 Jan 21, 9:51pm

As filed with the U.S. Securities and Exchange Commission on January 7, 2021.

Registration No. 333-      

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM S-1

REGISTRATION STATEMENT UNDER

THE SECURITIES ACT OF 1933

 

 

 

Prospector Capital Corp.

(Exact name of registrant as specified in its charter)

 

 

 

Cayman Islands 6770 N/A

(State or other jurisdiction of

incorporation or organization)

 

(Primary Standard Industrial

Classification Code Number)

 

(I.R.S. Employer

Identification Number)

 

1250 Prospect Street

Suite 200

La Jolla, CA 92037

(650) 396-7700

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

 

Derek Aberle

1250 Prospect Street

Suite 200

La Jolla, CA 92037

(650) 396-7700

(Name, address, including zip code, and telephone number, including area code, of agent for service)

 

Copies to:

 

Joel L. Rubinstein

White & Case LLP

1221 Avenue of the Americas

New York, New York 10020

Tel: (212) 819-8200

 

Matthew Gardner

Michael Johns

Maples and Calder

P.O. Box 309, Ugland House

Grand Cayman

KY1-1104

Cayman Islands

Tel: (345) 949-8066

 

Robert W. Downes

Sullivan & Cromwell LLP

125 Broad Street

New York, New York 10004

(212) 558-4000

 

Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement.

 

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box.  ☐

 

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  ☒ (File No. 333-251523)

 

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

 

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

       Large accelerated filer Accelerated filer 
      
       Non-accelerated filer Smaller reporting company 
      
   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 7(a)(2)(B) of the Securities Act.  ☐

 

 

 

 

CALCULATION OF REGISTRATION FEE

 

Title of Each Class of
Security Being Registered

 

Amount
Being
Registered

 

Proposed
Maximum
Offering Price
per Security(1)

  

Proposed
Maximum
Aggregate
Offering Price(1)

  

Amount of
Registration
Fee(6)

 
Units, each consisting of one Class A ordinary share, $0.0001 par value, and one-third of one redeemable warrant(2)(3) 5,750,000 Units $10.00  $57,500,000  $6,273.25 
Class A ordinary shares included as part of the units(4) 5,750,000 Shares        (5)
Redeemable warrants included as part of the units(4) 1,916,667 Warrants        (5)
Total       $57,500,000  $6,273.25 

 

 

(1)Estimated solely for the purpose of calculating the registration fee.
(2)Represents only the additional number of securities being registered. Does not include securities that the Registrant previously registered on its Registration Statement on Form S-1, as amended (File No. 333-251523).
(3)Includes 750,000 units, consisting of 750,000 Class A ordinary shares and 250,000 redeemable warrants, which may be issued upon exercise of a 45-day option granted to the underwriters.
(4)Pursuant to Rule 416, there are also being registered an indeterminable number of additional securities as may be issued to prevent dilution resulting from share splits, share dividends or similar transactions.
(5)No fee pursuant to Rule 457(g).
(6)The Registrant previously registered securities having a proposed maximum aggregate offering price of $287,500,000 on its Registration Statement on Form S-1, as amended (File No. 333-251523), which was declared effective by the U.S. Securities and Exchange Commission on January 7, 2021. In accordance with Rule 462(b) under the Securities Act, an additional number of securities having a proposed maximum offering price of $57,500,000 is hereby registered, which includes securities issuable upon the exercise of the underwriters’ option to purchase additional units.

 

 

The Registration Statement shall become effective upon filing with the U.S. Securities and Exchange Commission in accordance with Rule 462(b) under the Securities Act of 1933, as amended.

 

 

 

 

 

 

EXPLANATORY NOTE

 

This Registration Statement on Form S-1 is being filed with respect to the registration of 5,750,000 additional units, each consisting of one Class A ordinary share, $0.0001 par value per share, and one-third of one redeemable warrant of Prospector Capital Corp., a Cayman Islands exempted company (the “Registrant”), pursuant to Rule 462(b) under the Securities Act of 1933, as amended, and General Instruction V to Form S-1, including 750,000 units that may be purchased by the underwriters. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. This Registration Statement relates to the Registrant’s Registration Statement on Form S-1, as amended (File No. 333-251523) (the “Prior Registration Statement”), initially filed by the Registrant on December 18, 2020 and declared effective by the U.S. Securities and Exchange Commission (the “Commission”) on January 7, 2021. The required opinions of counsel and related consent and accountant’s consent are attached hereto and filed herewith. Pursuant to Rule 462(b), the contents of the Prior Registration Statement, including the exhibits thereto, are incorporated by reference into this Registration Statement.

 

CERTIFICATION

 

The Registrant hereby certified to the Commission that (1) it has instructed its bank to pay the filing fee set forth on the cover page of this Registration Statement by a wire transfer of such amount to the Commission’s account at U.S. Bank as soon as practicable (but no later than the close of business as of January 8, 2021), (2) it will not revoke such instructions, (3) it has sufficient funds in the relevant account to cover the amount of such filing fee and (4) it will confirm receipt of such instructions by its bank during regular business hours no later than January 8, 2021.

 

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PART II

 

INFORMATION NOT REQUIRED IN PROSPECTUS

 

Item 16. Exhibits and Financial Statement Schedules.

 

(a) Exhibits. All exhibits filed with or incorporated by reference in the Registration Statement on Form S-1 (SEC File No. 333-251523) are incorporated by reference into, and shall be deemed a part of, this Registration Statement, and the following additional exhibits are filed herewith, as part of this Registration Statement:

 

Exhibit No. Description
5.1 Opinion of White & Case LLP, counsel to the Registrant.
5.2 Opinion of Maples and Calder, Cayman Islands Counsel to the Registrant.
23.1 Consent of WithumSmith+Brown, PC.
23.2 Consent of White & Case LLP (included on Exhibit 5.1).
23.3 Consent of Maples and Calder (included on Exhibit 5.2).
24 Power of Attorney (included on signature page to the Registrant’s Prior Registration Statement on Form S-1 (File No. 333-251523) filed on December 18, 2020)).

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of La Jolla, CA on the 7th day of January, 2021.

 

 PROSPECTOR CAPITAL CORP.
   
 By:  

/s/ Derek Aberle

  Derek Aberle
  Chief Executive Officer and Director

 

AUTHORIZED REPRESENTATIVE

 

Pursuant to the requirements of Section 6(a) of the Securities Act of 1933, the undersigned has signed this registration statement, solely in its capacity as the duly authorized representative of Prospector Capital Corp., in the City of La Jolla, CA, on the 7th day of January, 2021.

 

 By:  

/s/ Derek Aberle

Name:  Derek Aberle
 Title:  Chief Executive Officer

 

 

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