Item 8.01. Other Events.
As previously disclosed on a Current Report on Form 8-K dated November 23, 2020,
Jiya Acquisition Corp. (the "Company") consummated its initial public offering
("IPO") of 10,000,000 shares of Class A common stock (the "Shares") on November
23, 2020. The Shares were sold at a price of $10.00 per Share, generating gross
proceeds to the Company of $100,000,000.
In connection with the IPO, the underwriters were granted a 45-day option from
the date of the prospectus (the "Over-Allotment Option") to purchase up to
1,500,000 additional shares to cover over-allotments (the
"Over-Allotment Shares"), if any. On December 10, 2020, the underwriters
purchased an additional 352,040 Over-Allotment Shares pursuant to the
partial exercise of the Over-Allotment Option. The Over-Allotment Shares were
sold at an offering price of $10.00 per Over-Allotment Share, generating
aggregate additional gross proceeds of $3,520,400 to the Company.
Also, in connection with the partial exercise of the Over-Allotment Option, the
Company's sponsor, Jiya Holding Company, LLC, purchased an additional 7,041
Shares at a purchase price of $10.00 per Share.
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JIYA ACQUISITION CORP. 
