Item 8.01 Other Events.
On January 27, 2021, Revolution Acceleration Acquisition Corp (the "Company")
announced that the holders of the Company's units sold in the Company's initial
public offering (the "Units") may elect to separately trade the shares of Class
A common stock, par value $0.0001 per share ("Class A Common Stock"), and
redeemable warrants included in the Units commencing on January 28, 2021. Each
Unit consists of one share of Class A Common Stock and one-third of one
redeemable warrant to purchase one share of Class A Common Stock. Any Units not
separated will continue to trade on the Nasdaq Capital Market ("Nasdaq") under
the symbol "RAACU." Any underlying shares of Class A Common Stock and redeemable
warrants that are separated will trade on Nasdaq under the symbols "RAAC" and
"RAACW," respectively. No fractional warrants will be issued upon separation of
the Units and only whole warrants will trade. Holders of Units will need to have
their brokers contact Continental Stock Transfer & Trust Company, the Company's
transfer agent, in order to separate such holders' Units into shares of Class A
Common Stock and redeemable warrants.
A copy of the press release issued by the Company announcing the separate
trading of the securities underlying the Units is attached hereto as Exhibit
99.1.
This report may include "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other than
statements of historical fact included in this report are forward-looking
statements. When used in this report, words such as "anticipate," "believe,"
"estimate," "expect," "intend" and similar expressions, as they relate to us or
our management team, identify forward-looking statements. Such forward-looking
statements are based on the beliefs of management, as well as assumptions made
by, and information currently available to, the Company's management. Actual
results could differ materially from those contemplated by the forward-looking
statements as a result of certain factors detailed in the Company's filings with
the Securities and Exchange Commission (the "SEC"). All subsequent written or
oral forward-looking statements attributable to us or persons acting on our
behalf are qualified in their entirety by this paragraph. Forward-looking
statements are subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk Factors section of
the Company's registration statement and prospectus relating to the Company's
initial public offering filed with the SEC. Copies of such filings are available
on the SEC's website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of this release,
except as required by law.
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 Press Release, dated January 27, 2021.
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