Item 8.01 Other Events.

On January 15, 2021, Hamilton Lane Alliance Holdings I, Inc. (the "Company") completed its initial public offering (the "IPO") of 27,600,000 units (the "Units"), including 3,600,000 Units sold pursuant to the full exercise of the underwriter's option to purchase additional Units to cover overallotments, at an offering price of $10.00 per Unit and a private placement of 5,013,333 warrants with HL Alliance Holdings Sponsor LLC (the "Sponsor") at a price of $1.50 per warrant (the "Private Placement"). The net proceeds from the IPO, together with certain of the proceeds from the Private Placement, totaling $276,000,000 in the aggregate (the "Trust Account Proceeds"), were placed in a trust account with Continental Stock Transfer & Trust Company established for the benefit of the Company's public stockholders and the underwriter of the IPO. Except for the withdrawal of interest earned on the Offering Proceeds in the trust account to fund the Company's franchise and income taxes, or upon the redemption by public stockholders of Class A common stock in connection with certain amendments to the Company's amended and restated certificate of incorporation, none of the funds held in the trust account will be released until the completion of the Company's initial business combination or the redemption by the Company of 100% of the outstanding shares of Class A common stock issued by the Company in the IPO if the Company does not consummate an initial business combination within 24 months after the closing of the IPO.

An audited balance sheet as of January 15, 2021 reflecting receipt of the Offering Proceeds has been issued by the Company and is included as Exhibit 99.1 to this Current Report on Form 8-K.

© Edgar Online, source Glimpses