Current Report Filing (8-k)
August 05 2022 - 4:50PM
Edgar (US Regulatory)
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Greenrose Holding Co Inc.
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2022-08-01
2022-08-01
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2022-08-01
2022-08-01
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2022-08-01
2022-08-01
0001790665
GNRS:ReedemableWarrantsExercisableforSharesofCommonStockatanExercisePriceof11.50PerShareMember
2022-08-01
2022-08-01
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UNITED STATES
SEURITIES 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):
August 5, 2022 (August 1, 2022)
THE GREENROSE HOLDING COMPANY INC.
(Exact name of Registrant as specified in its charter)
Delaware |
|
001-39217 |
|
84-2845696 |
(State or other jurisdiction of |
|
(Commission File Number) |
|
(I.R.S. Employer |
incorporation or organization) |
|
|
|
Identification Number) |
111 Broadway
Amityville, NY 11701 |
|
11701 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (516) 346-6270
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) |
| ☐ | 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)) |
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.
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class |
|
Name of Each Exchange on Which Registered |
Units, each consisting of one share of common stock and one redeemable warrant |
|
OTC Pink |
Common stock, par value $0.0001 per share |
|
OTCQX |
Redeemable warrants, exercisable for shares of common stock at an exercise price of $11.50 per share |
|
OTCQB |
Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
Appointment of Director
On August 1, 2022, the Board of Directors (the
“Board”) of The Greenrose Holding Company Inc., a Delaware corporation, (“Company”) unanimously appointed Mr.
Benjamin Paul Rose (“Mr. Rose”), age 48, as a non-executive director of the Company’s Board, effective immediately.
It is not currently known on which, if any, committee(s) of the Board of Directors Mr. Rose will serve.
Prior to joining the Company, Mr. Rose served
as a director of the MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) Board from August 2018 to December 14, 2020, during which time
he served in the capacity of the Executive Chairman from May 2019 until his resignation. Additionally, since July 2012, Mr. Rose has served
as Chief Investment Officer of Wicklow Capital, Inc., the family office of Daniel Tierney, co-founder and former co-CEO of GETCO (now
VIRTU Financial), and prior to that, as Managing Director at RoundKeep Capital Advisors, Portfolio Manager at Balyasny Asset Management,
Head Trader at Blue Ridge Capital, and as Trader at Goldman Sachs. Mr. Rose graduated from Harvard University and has experience in financial
markets, entrepreneurial finance, identifying strategic opportunities for growth and building operations.
In connection with his service as a director,
Mr. Rose will receive the Company’s standard non-employee director compensation, as determined
by the Compensation Committee from time to time. Any grant of equity shall be made pursuant to the Company’s 2021 Equity Incentive
Plan (the “Plan”) that was filed on December 5, 2021, with the Company’s proxy statement on Schedule 14A), which allows
participation to certain employees and non-employee directors and is administered by the Compensation Committee.
There are no arrangements or understandings between
Mr. Rose and any other person pursuant to which he was appointed as a director. There are also no family relationships between Mr. Rose
and any director or executive officer of the Company and Mr. Rose has no direct or indirect material interest in any related party transaction
required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Item
7.01 Regulation FD Disclosure
A copy of the press release issued by the Company
on August 5, 2022, announcing two appointments to its executive team and board of directors, effective August 2022, including the appointment
of Mr. Rose to the Board, as described in Item 5.02 above, and the appointment of Mr. Bernard Wang as chief financial officer, as previously
reported in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on August 1, 2022, is attached
as Exhibit 99.1 to this Current Report on Form 8-K.
Information contained in this Item 7.01, including
Exhibit 99.1, shall not be deemed filed for the purposes of the Securities Act of 1934, nor shall such information and Exhibit be deemed
incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference
in such a filing.
Item
8.01 Other Events.
On August 3, 2022, Shareholder Representative
Services LLC (the “Plaintiff”) filed in the Connecticut Superior Court: (i) an amended complaint against The Greenrose Holding
Company Inc. (the “Company”); and (ii) an application for prejudgment remedy seeking to attach property of the Company to
secure a requested $6,000,000 judgment. The amended complaint, as did Plaintiff’s initial complaint disclosed in the Company’s
Form 8-K of July 5, 2022, generally alleges breach of contract, breach of the covenant of good faith and fair dealing, and conversion
with respect to the Agreement and Plan of Merger effective as of March 12, 2021 and its Amendments 1 and 2 (collectively, the “Merger
Agreement”) between the Plaintiff, as representative of the Selling Securityholders of Theraplant (as defined in the Merger Agreement),
and the Company. The Company intends to defend itself vigorously.
The information in Item 8.01 of this Current Report
on Form 8-K, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, or otherwise subject to the liabilities of that section or Section 11 and 12(a)(2) of the Securities Act of 1933,
as amended. The information contained in Item 8.01 of this Current Report on Form 8-K, shall not be incorporated
by reference into any filing with the U.S. Securities and Exchange Commission made by the Company, whether made before or after the date
hereof, regardless of any general incorporation language in such filing, except as expressly set forth by specific reference in such a
filing. The furnishing of this information hereby shall not be deemed an admission as to the materiality of any such information.
Item
9.01 Financial Statements and Exhibits.
(d) 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.
|
THE GREENROSE HOLDING COMPANY INC. |
|
|
Date: August 5, 2022 |
By: |
/s/ William F. Harley III |
|
Name: |
William F. Harley III |
|
Title: |
Chief Executive Officer |
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