Current Report Filing (8-k)
October 21 2016 - 4:32PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
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 21, 2016 (October 19, 2016)
ATLANTIC
ALLIANCE PARTNERSHIP CORP.
(Exact
name of registrant as specified in its charter)
British
Virgin Islands
|
|
001-37360
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|
N/A
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(State
or other jurisdiction
of incorporation)
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|
(Commission
File
Number)
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|
(IRS
Employer
Identification No.)
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590
Madison Avenue
New
York, New York 10022
(Address of principal executive offices, including Zip Code)
(212)
409-2434
(Registrant’s
telephone number, including area code)
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)
|
☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item
2.03
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Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
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As
of October 19, 2016, Atlantic Alliance Partnership Corp. (the “Company”) received advances in the aggregate amount
of $2,332,000 from certain of the directors of the Company in order to pay fees owed in connection with the withdrawn offer of
the Company to acquire TLA Worldwide plc, a public limited company registered in England and Wales, in September 2016. All such
advances are non-interest bearing, unsecured and will only be repaid upon the completion of a business combination. Such advances
are in addition to an aggregate of $520,000 previously advanced (including $500,000 as of June 30, 2016).
It
is anticipated that all such advances will be converted into ordinary shares, no par value, of the Company, up to $1,000,000 of
such advances at $10.00 per share and the remaining advances at $10.50 per share, following the Company’s shareholder meeting
on November 1, 2016. Funds in the Company’s trust account will not be used to repay any of the advances.
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.
Dated:
October 21, 2016
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ATLANTIC
ALLIANCE PARTNERSHIP CORP.
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|
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By:
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/s/
Jonathan Mitchell
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Name: Jonathan
Mitchell
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Title: Chief
Financial Officer
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3
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