UNITED STATES
SEURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 20, 2022 (October 14, 2022)
THE GREENROSE HOLDING COMPANY INC.
(Exact name of Registrant as specified in its charter)
Delaware | 001-39217 | 84-2845696 | ||
(State or other jurisdiction of incorporation or organization) | (Commission File Number) |
(I.R.S. Employer Identification Number) |
111 Broadway | ||
Amityville, NY | 11701 | |
(Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (516) 346-6270
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the Registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class | Name of Each Exchange on Which Registered | |
Units, each consisting of one share of common stock and one Pink redeemable warrant | OTC | |
Common stock, par value $0.0001 per share | OTCQX | |
Redeemable warrants, exercisable for shares of common stock at an exercise price of $11.50 per share | OTCQB |
Item 8.01 Other Events.
Engagement of Ducera Securities LLC
In connection with the previously disclosed review of strategic alternatives by The Greenrose Holding Company Inc. (the "Company"), its Board of Directors and Special Committee, on October 18, 2022, Ducera Securities LLC was engaged, to provide certain financial advisory and investment banking services, if requested, and advice on potential restructuring, sale, and/or other strategic transactions.
Extension of Forbearance Agreement
As previously disclosed, on October 12, 2022, the Company entered into that certain Forbearance Agreement with the Lenders party to the Credit Agreement dated November 26, 2021, and DXR Finance, LLC as Agent (the "Forbearance Agreement).
On October 19, 2022, the Company and the other parties to the Forbearance Agreement agreed to extend by one week the Forbearance Period (as defined in the Section 2.02 of the Forbearance Agreement). The Forbearance Period may be further extended with the consent of the parties thereto and the Company does not undertake any obligation to report such additional extensions.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
THE GREENROSE HOLDING COMPANY INC. | ||
Date: October 20, 2022 | By: | /s/ Tim Bossidy |
Name: | Tim Bossidy | |
Title: | Interim Chief Executive Officer |
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Greenrose Acquisition Corp. published this content on 20 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2022 20:59:02 UTC.