Current Report Filing (8-k)
November 16 2021 - 6:08AM
Edgar (US Regulatory)
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2021-11-15
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2021-11-15
2021-11-15
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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 November 15, 2021
Recharge Acquisition Corp.
(Exact name of registrant as specified in its charter)
Delaware
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001-39578
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85-1873676
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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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1900 Main Street, Suite 201
Sarasota, Florida 34236
(Address of principal executive offices, including
zip code)
Registrant’s telephone number, including
area code: (937) 610-4057
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:
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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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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b)
of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on
which registered
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Units, each consisting of one share of Class A Common Stock and one-half of one Redeemable Warrant
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RCHGU
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The Nasdaq Stock Market LLC
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Class A Common Stock, par value $0.0001 per share
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RCHG
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The Nasdaq Stock Market LLC
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Warrants, each exercisable for one share Class A Common Stock for $11.50 per share
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RCHGW
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The Nasdaq Stock Market LLC
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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 4.02. Non-Reliance on Previously Issued Financial Statements
or a Related Audit Report or Completed Interim Review.
On November 15, 2021 the audit committee of
the board of directors of Recharge Acquisition Corp. (the “Company”) concluded, after discussion with the
Company’s management and with the Company’s independent registered public accounting firm, Marcum LLP,
(“Marcum”), that (i) the Company’s audited balance sheet as of October 5, 2020 filed as Exhibit 99.1 to the
Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on October 9
2020, (ii) the Company’s audited financial statements as of December 31, 2020 contained in the Company’s Annual Report
on Form 10-K filed with the SEC on March 25, 2021, as amended on June 30, 2021 and (iii) the Company’s unaudited financial
statements as of March 31, 2021 contained in the Company’s Quarterly Report on Form 10-Q filed with the SEC on July 13, 2021
and (iii) the Company’s unaudited financial statements as of June 30, 2021 contained in the Company’s Quarterly Report
on Form 10-Q filed with the SEC on August 13, 2021, should no longer be relied upon due to the reclassification of all of the
Company’s Class A common stock as temporary equity.
The Company’s Chief Executive Officer and Chief Financial Officer
carried out an evaluation of the effectiveness of the design and operation of the Company’s disclosure controls and procedures.
Based upon their evaluation, the Company’s Chief Executive Officer and Chief Financial Officer concluded that the Company’s
disclosure controls and procedures were not effective as of September 30, 2021, due to the material weakness in analyzing complex financial
instruments including the proper accounting for warrants as liabilities and the proper classification of redeemable shares of Class A
common stock as temporary equity. In light of this material weakness, the Company performed additional analysis as deemed necessary to
ensure that the Company’s unaudited interim financial statements were prepared in accordance with U.S. generally accepted accounting
principles. The Company reflected the restatements of the Company’s financial statements identified above in Note 2 of the financial
statements included in the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2021, filed with the SEC on
November 15, 2021 and accordingly, management believes that the financial statements included in such report present fairly in all material
respects the Company’s financial position, results of operations and cash flows for the periods presented.
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: November 15, 2021
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Recharge Acquisition Corp.
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By:
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/s/Anthony Kenney
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Name:
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Anthony Kenney
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Title:
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Chief Executive Officer
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