Item 8.01 Other Events
On January 12, 2021, SVF Investment Corp. (the "Company") consummated an initial
public offering (the "IPO") of 60,375,000 units (the "Units") at an offering
price of $10.00 per Unit, with each Unit consisting of one Class A ordinary
share and one-fifth of one redeemable warrant of the Company (the "Public
Warrants"). The Company granted the underwriters of the IPO a 45-day option to
purchase up to an additional 7,875,000 Units at the initial public offering
price to cover over-allotments, which was exercised in full.
Simultaneously with the consummation of the IPO and the issuance and sale of the
Units, the Company consummated a private placement with SVF Sponsor LLC (the
"Sponsor") of 9,383,333 warrants (the "Private Placement Warrants") at a price
of $1.50 per Private Placement Warrant (the "Private Placement"), generating
total proceeds of $14,075,000.
The net proceeds from the IPO together with certain of the proceeds from the
Private Placement, $603,750,000 in the aggregate (the "Offering Proceeds"), were
placed in a trust account established for the benefit of the Company's public
shareholders and the underwriter of the IPO with Continental Stock Transfer &
Trust Company acting as trustee. Except for the withdrawal from interest earned
on the Offering Proceeds in the trust account to fund franchise and income taxes
payable, or upon the redemption by public holders of Class A ordinary shares in
connection with certain amendments to the Company's amended and restated
memorandum of association, none of the funds held in the trust account will be
released until the earlier of the completion of the Company's initial business
combination or the redemption of 100% of the Class A ordinary shares included in
the Units and issued by the Company in the IPO if the Company is unable to
consummate an initial business combination within 24 months from the closing of
the IPO.
An audited balance sheet as of January 12, 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.
(c) Exhibits.
99.1 Audited Balance Sheet, as of January 12, 2021
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