Cascadia Acquisition Corp. filed SEC Form 8-K: Termination of a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits
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| Item 1.02 | Termination of Material Definitive Agreement. |
As previously disclosed, on February 5, 2023, Cascadia Acquisition Corp., a Delaware corporation (the “Company”) entered into a definitive Business Combination Agreement (the “Business Combination Agreement”) with CAC MergerSub, Inc., a Washington corporation, and RealWear, Inc., a Washington corporation (“RealWear”).
On April 7, 2023, the Business Combination Agreement was terminated pursuant to Section 7.1(f) thereof (the “Termination”). No party will be required to pay a termination fee as a result of the Termination.
The termination of the Business Combination Agreement also terminates and makes void the Sponsor Letter Agreement, the Transaction Support Agreement, and the Supporting Company Shareholders Lock-up Agreement (each as defined in the Business Combination Agreement), each of which was executed concurrently with the Business Combination Agreement.
The foregoing description of the Business Combination Agreement is not complete and is qualified in its entirety by reference to and the terms and conditions of the Business Combination Agreement, a copy of which was previously filed as Exhibit 2.1 to the Company’s Current Report on Form 8-K on February 6, 2023.
| Item 7.01 | Regulation FD Disclosure. |
On April 11, 2023, the Company issued a press release announcing the termination of the Business Combination Agreement. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit Number |
Description | |
| 99.1 | Press Release dated April 11, 2023 | |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) | |
SIGNATURES
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.
| Date: April 11, 2023 | CASCADIA ACQUISITION CORP. | |||||
| By: | /s/ Jamie Boyd | |||||
| Name: | Jamie Boyd | |||||
| Title: | Chief Executive Officer | |||||