Item 3.02. Unregistered Sales of Equity Securities.
The information set forth in Item 8.01 below is hereby incorporated by reference
in this Item 3.02.
Item 7.01 Regulation FD Disclosure
On January 20, 2023, Fintech Ecosystem Development Corp. (the "Company") issued
a press release announcing the time by which FEXD has to consummate has been
extended from January 21, 2023 until April 21, 2023.
The Company hereby furnishes the information in this Item 7.01, including
Exhibit 99.1 attached hereto. This information is not deemed "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), or otherwise subject to the liabilities of that section, nor
shall it be deemed incorporated by reference into any filing of the Company
under the Securities Act of 1933, as amended (the "Securities Act"), in each
case, whether made before or after the date hereof, regardless of any general
incorporation language in such filing. Other documents filed with the Securities
and Exchange Commission (the "SEC") shall not incorporate this information by
reference, except as otherwise expressly stated in such filing.
Item 8.01. Other Events.
On January 20, 2023, Fintech Ecosystem Development Corp. (the "Company")
consummated the private placement of 1,150,000 warrants at a price of $1.00 per
warrant (the "New Warrants"), generating total proceeds of $1,150,000 (the
"Private Placement"). The New Warrants were purchased by Revofast LLC (the
"Sponsor"), the Company's sponsor, and are substantially similar to the warrants
issued to the Sponsor at the time of the Company's initial public offering in
October 2021 (the "IPO"). The New Warrants have been issued pursuant to, and are
governed by, the Warrant Agreement that the Company entered into on October 19,
2022. Similar to the private placement warrants issued at the time of the IPO,
the New Warrants will not be transferable, assignable or salable until 30 days
after FEXD's initial business combination and, unlike such private placement
warrants, are not redeemable by FEXD at any time (including following transfer
by the Sponsor or its permitted transferees).
The proceeds received by the Company in connection with the issuance of the New
Warrants have been deposited in the trust account (the "Trust Account")
established at the time of the IPO. In accordance with the Company's Amended and
Restated Certificate of Incorporation, the deposit of such proceeds into the
Trust Account on or prior to January 21, 2023 will extend by three months the
time the Company will have to consummate an initial business combination.
Item 9.01 Financial Statements and Exhibits
99.1 Press Release of the Company dated January 20, 2023 announcing the
extension
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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