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    Powered Brands filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

    12/27/22 4:24:54 PM ET
    $POW
    Business Services
    Finance
    Get the next $POW alert in real time by email
    0001829427 false 0001829427 2022-12-27 2022-12-27 0001829427 POW:UnitsEachConsistingOfOneClassAOrdinaryShareAndOneThirdOfAWarrantToAcquireOneClassAOrdinaryShareMember 2022-12-27 2022-12-27 0001829427 us-gaap:CommonClassAMember 2022-12-27 2022-12-27 0001829427 us-gaap:WarrantMember 2022-12-27 2022-12-27 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    FORM 8-K

     

    CURRENT REPORT

     

    PURSUANT TO SECTION

    13 OR 15(d) OF THE

    SECURITIES EXCHANGE

    ACT OF 1934

     

    Date of Report (Date of earliest event reported): December 27, 2022

     

    Powered Brands

    (Exact name of registrant as specified in its charter)

     

    Cayman Islands   001-39847   98-1570855
    (State or other jurisdiction
    of incorporation)
      (Commission
    File Number)
      (IRS Employer
    Identification No.)

     

    292 Madison Avenue, 8th Floor  
    New York, NY 10017
    (Address of principal executive offices) (Zip Code)

     

    Registrant’s telephone number, including area code: (212) 756-3508

     

    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 of 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))

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class   Trading
    Symbol(s)
      Name of each
    exchange
    on which registered

    Units, each consisting of one Class A ordinary share and one-third of a Warrant to acquire one Class A ordinary share

      POWRU   The NASDAQ Capital Market
             
    Class A ordinary shares, par value $0.0001 per share   POW   The NASDAQ Capital Market
             
    Warrants, each whole Warrant exercisable for one Class A ordinary share at an exercise price of $11.50   POWRW   The NASDAQ Capital Market

     

    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  x

     

    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.  ¨

     

     

     

     

     

    Item 8.01. Other Events.

     

    On December 27, 2022, Powered Brands (the “Company”) issued a press release announcing it will redeem all of its outstanding Class A ordinary shares, par value $0.0001 per share, effective as of the close of business on January 12, 2023, because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

     

    Item 9.01. Financial Statements and Exhibits.

     

    Exhibit No.   Description
    99.1*   Press Release, dated December 27, 2022
    104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

     

    * Furnished herewith.

     

     

     

     

    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.

     

      Powered Brands
         
      By: /s/ Katherine Power
        Name: Katherine Power
        Title: Chief Executive Officer
         
    Dated: December 27, 2022    

     

     

     

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