Industrial Human Capital Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
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Item 1.01. Entry into a Material Definitive Agreement.
On August 1, 2022, Industrial Human Capital, Inc. (the “Company”) and the Company’s sponsor, ShiftPixy Investments, Inc. (“Sponsor”) formalized the terms of a Working Capital Loan Agreement (“Agreement”) whereby the Sponsor agrees to provide capital in the form of a line of credit to the Company in order for the Company to fund fees and expenses related to its efforts to complete an intended Initial Business Combination. Funds extended pursuant to the Agreement shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at the rate of 5.75% per annum.
The foregoing description is qualified in its entirely by reference to full text of the applicable Agreement, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| No. | Description | |
| 10.1 | Working Capital Loan Agreement |
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 thereunto duly authorized.
| INDUSTRIAL HUMAN CAPITAL, INC. | ||
| Date: August 3, 2022 | By: | /s/ Scott W. Absher |
| Scott W. Absher | ||
| Chief Executive Officer | ||