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.
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