Current Report Filing (8-k)
February 15 2023 - 4:13PM
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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 (Date of
earliest event reported):
February 15, 2023
VALOR LATITUDE ACQUISITION
CORP.
(Exact name of Registrant
as specified in its Charter)
Cayman Islands |
|
001-40322 |
|
98-1578908 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S. Employer
Identification No.) |
PO Box 309,
Ugland House
Grand Cayman |
|
KY1-1104 |
(Address of Principal Executive Offices) |
|
(Zip Code) |
Registrant’s telephone number, including area code: +1 973-290-2331 |
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 (see General Instruction A.2. below):
☐ |
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 |
Class A ordinary shares, par value $0.0001 per share |
|
VLAT |
|
Nasdaq Capital Market |
Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 |
|
VLATW |
|
Nasdaq Capital Market |
Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant |
|
VLATU |
|
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 ☒
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
2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-balance Sheet Arrangement of a Registrant.
On February 15, 2023, Valor Latitude Acquisition
Corp. (the “Company”) issued an unsecured promissory note (the “Note”) in the amount of $100,000
to Valor Latitude LLC (the “Sponsor”). The proceeds of the Note will be used by the Company for general working capital
purposes.
The Note bears no interest and is payable
in full upon the earlier to occur of (i) May 5, 2023 or (ii) the consummation of the Company’s initial business combination. A failure
to pay the principal within five business days of the date specified above or the commencement of a voluntary or involuntary bankruptcy
action shall be deemed an event of default, in which case the Note may be accelerated. The Sponsor has the option to convert any unpaid
balance of the Note into warrants (the “Conversion Warrants”), each whole warrant entitling the holder thereof to purchase
one Class A ordinary share at a price of $11.50 per Class A ordinary share, subject to adjustment. The terms of the Conversion Warrants
would be identical to the warrants issued by the Company in a private placement that was consummated in connection with the Company’s
initial public offering. The Sponsor is entitled to certain registration rights relating to the Conversion Warrants.
The issuance of the Note was made pursuant
to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.
A copy of the Note is attached as Exhibit
10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The disclosures set forth in this Item 2.03 are intended
to be summaries only and are qualified in their entirety by reference to the Note.
Item 9.01. Financial Statements and Exhibits.
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
|
Valor Latitude Acquisition Corp.
|
|
|
|
By: |
/s/ J. Douglas Smith |
|
Name: |
J. Douglas Smith |
|
Title: |
Chief Financial Officer |
Date: February 15, 2023
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