Current Report Filing (8-k)
December 01 2020 - 5:02PM
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): December 1, 2020
YELLOWSTONE
ACQUISITION COMPANY
(Exact
name of registrant as specified in its charter)
Delaware
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001-39648
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85-2732947
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(State or other jurisdiction of
incorporation or organization)
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(Commission File Number)
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(I.R.S. Employer
Identification Number)
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1601 Dodge Street, Suite 3300
Omaha Nebraska
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68102
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s
telephone number, including area code: (402) 225-6511
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:
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☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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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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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, $0.0001 par value, and one-half of one redeemable warrant
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YSACU
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The
NASDAQ Stock Market LLC
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Class
A common stock, $.0001 par value included as part of the units
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YSAC
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The
NASDAQ Stock Market LLC
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Warrants,
each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share
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YSACW
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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 or Rule
12b-2 of the Securities Exchange Act of 1934.
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
8.01 Other Events.
As
previously disclosed on a Current Report on Form 8-K dated October 26, 2020, Yellowstone Acquisition Company (the “Company”)
consummated its initial public offering (“IPO”) of 12,500,000 units (the “Units”) on October 26, 2020.
Each Unit consists of one share of common stock of the Company, par value $0.0001 per share, and one-half of one redeemable warrant
of the Company (“Warrant”), with each Warrant entitling the holder thereof to purchase one share of common stock for
$11.50 per share, subject to adjustment. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company
of $125,000,000.
In
connection with the IPO, the underwriters were granted a 45-day option from the date of the prospectus (the “Over-Allotment
Option”) to purchase up to 1,875,000 additional units to cover over-allotments (the “Over-Allotment Units”),
if any. On December 1, 2020, the underwriters purchased an additional 1,098,898 Over-Allotment Units pursuant to the
partial exercise of the Over-Allotment Option. The Over-Allotment Units were sold at an offering price of
$10.00 per Over-Allotment Unit, generating aggregate additional gross proceeds of $10,988,980 to the Company. In connection
with the cancellation of the remainder of the Over-Allotment Option, the Company will cancel an aggregate of 274,724 shares of
Class B common stock issued to BOC Yellowstone LLC, the Company’s sponsor (the “Sponsor”), prior to the IPO,
resulting in a total of 3,399,724 shares of Class B common stock issued and outstanding following the exercise of the Over-Allotment
Option. Also, in connection with the partial exercise of the Over-Allotment Option, the Sponsor purchased an additional 219,799
warrants at a purchase price of $1.00 per warrant, resulting in the Sponsor owning warrants to purchase 7,719,799 shares of Class
A common stock at an exercise price of $11.50 per warrant share, subject to adjustment.
On
December 1, 2020, the Company issued a press release, a copy of which is attached as Exhibit 99.1 to this Current Report
on Form 8-K, announcing the partial exercise of the underwriter’s over-allotment option in the recent public offering.
Item
9.01. Financial Statements and Exhibits.
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:
December 1, 2020
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YELLOWSTONE ACQUISITION COMPANY
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By:
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/s/
Joshua P. Weisenburger
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Name:
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Joshua P. Weisenburger
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Title:
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Chief Financial Officer
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2
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