Item 8.01 Other Events.
On January 15, 2021, Deep Lake Capital Acquisition Corp. (the "Company")
consummated its initial public offering (the "IPO") of 20,700,000 units (the
"Units"), including the issuance of 2,700,000 Units as a result of the
underwriters' exercise in full of their over-allotment option. Each Unit
consists of one Class A ordinary share of the Company, par value $0.0001 per
share ("Class A Ordinary Shares"), and one-half of one redeemable warrant of the
Company, each whole warrant entitling the holder thereof to purchase one Class A
Ordinary Share at an exercise price of $11.50 per share. The Units were sold at
a price of $10.00 per unit, generating gross proceeds to the Company of
$207,000,000.
Substantially concurrently with the consummation of the IPO, the Company
completed the private sale (the "Private Placement") of 6,140,000 warrants (the
"Private Placement Warrants") at a purchase price of $1.00 per Private Placement
Warrant, to the Company's sponsor, Deep Lake Capital Sponsor LP, generating
gross proceeds to the Company of $6,140,000.
A total of $207,000,000, comprised of $202,860,000 of the proceeds from the IPO,
including $7,245,000 of the underwriters' deferred discount, and $4,140,000 of
the proceeds of the sale of the Private Placement Warrants, were placed in a
trust account maintained by Continental Stock Transfer & Trust Company, acting
as trustee. An audited balance sheet as of January 15, 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 Statements and Exhibits.
(d) Exhibits. The following exhibits are filed with this Form 8-K:
Exhibit No. Description of Exhibits
99.1 Audited Balance Sheet, as of January 15, 2021.
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