Item 8.01 Other Events
As previously disclosed on a Current Report on Form 8-K dated January 21, 2021,
Edify Acquisition Corp. (the "Company") consummated its initial public offering
(the "IPO") of 27,600,000 units (the "Units"), each Unit consisting of one share
of Class A common stock of the Company, par value $0.0001 per share (the "Class
A Common Stock") and one-half of one redeemable warrant of the Company (each, a
"Warrant"), each whole Warrant entitling the holder thereof to purchase one
share of Class A Common Stock for $11.50 per share (subject to adjustment). The
Units were sold at a price of $10.00 per Unit, and the IPO generated gross
proceeds of $276,000,000. The IPO closing included the full exercise of the
underwriter's over-allotment option.
Simultaneously with the closing of the IPO, the Company consummated a private
placement (the "Private Placement") with the Sponsor of 5,640,000 warrants (the
"Private Warrants") at a price of $1.00 per Private Warrant, generating gross
proceeds to the Company of $5,640,000.
As of January 20, 2021, a total of $276,000,000 of the net proceeds from the IPO
and the Private Placement were deposited in a trust account established for the
benefit of the Company's public stockholders at JPMorgan Chase Bank, N.A., with
Continental Stock Transfer & Trust Company, LLC, acting as trustee.
An audited balance sheet as of January 20, 2021 reflecting receipt of the
proceeds upon consummation of the IPO and the Private Placement is included with
this report as Exhibit 99.1
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EDIFY ACQUISITION CORP. 
