Item 8.01 Other Events.

On March 12, 2021, PWP Forward Acquisition Corp. I (the "Company") consummated its initial public offering (the "IPO") of 20,000,000 units (the "Units"). Each Unit consists of one share of Class A common stock of the Company, par value $0.0001 per share ("Class A Common Stock"), and one-fifth of one redeemable warrant of the Company. Each whole warrant entitles 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, generating gross proceeds to the Company of $200,000,000. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any. On March 16, 2021, the underwriters partially exercised the over-allotment option, forfeited the remaining option, and on March 18, 2021, purchased an additional 1,163,433 Units (the "Over-Allotment Units"), generating gross proceeds to the Company of $11,634,330.

Substantially concurrently with the closing of the IPO, the Company completed the private sale of 4,000,000 warrants (the "Private Placement Warrants") to the Company's sponsor, PWP Forward Sponsor I LLC, at a purchase price of $1.50 per Private Placement Warrant, generating gross proceeds to the Company of $6,000,000. In connection with the closing of the purchase of the Over-Allotment Units, the Company sold an additional 155,124 Private Placement Warrants (the "Over-Allotment Private Placement Warrants") to the Sponsor at a price of $1.50 per Private Placement Warrant, generating gross proceeds to the Company of $232,686.

A total of $211,634,330, comprised of proceeds from the IPO and the sale of the Over-Allotment Units, the Private Placement Warrants and Over-Allotment Private Placement Warrants was placed in a U.S.-based trust account at J.P. Morgan Chase Bank, N.A., maintained by Continental Stock Transfer & Trust Company, acting as trustee. An audited balance sheet as of March 12, 2021 reflecting receipt of the proceeds upon consummation of the IPO and the sale of the Private Placement Warrants, but not the proceeds in connection with the sale of the Over-Allotment Units or the Over-Allotment Private Placement Warrants has been issued by the Company and is included as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are filed with this Form 8-K:






Exhibit
No.        Description of Exhibits

  99.1       Audited Balance Sheet, as of March 12, 2021.
104        Cover Page Interactive Data File (embedded as Inline XBRL document)

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