Item 8.01. Other Events.
On January 12, 2021, Global Synergy Acquisition Corp. (the "Company")
consummated its initial public offering (the "IPO") of 25,875,000 units (the
"Units") at an offering price of $10.00 per Unit, with each Unit consisting of
one Class A ordinary share and one-half of one redeemable warrant of the Company
(the "Public Warrants"), and a private placement with Global Synergy LLC (the
"Sponsor") of 7,600,000 private placement warrants at a price of $1.00 per
warrant (the "Private Placement"). The Company granted the underwriters of the
IPO a 45-day option to purchase up to an additional 3,375,000 Units which was
exercised in full.
Simultaneously with the consummation of the IPO and the issuance and sale of the
Units, the Company consummated the private placement of 7,600,000 Private
Placement Warrants at a price of $1.00 per Private Placement Warrant, to the
Sponsor, generating total proceeds of $7,600,000.
The net proceeds from the IPO together with certain of the proceeds from the
Private Placement, $258,750,000 in the aggregate (the "Offering Proceeds"), were
placed in a trust account established for the benefit of the Company's public
shareholders and the underwriters of the IPO with Continental Stock Transfer &
Trust Company acting as trustee. Except for the withdrawal from interest earned
on the Offering Proceeds in the trust account that may be released to pay income
taxes, if any, none of the funds held in the trust account will be released
until the earlier of (i) the completion of the Company's initial business
combination, (ii) the redemption of the Company's public shares if the Company
is unable to consummate an initial business combination within 18 months from
the closing of the IPO (or 24 months, if the Company elects to extend such
initial term with an amount of $0.10 per unit offered in this offering deposited
into the trust account), subject to applicable law, or (iii) the redemption of
any public shares properly submitted in connection with a shareholder vote to
amend the Company's Amended and Restated Memorandum and Articles of Association
(a) to modify the substance or timing of its obligation to allow redemption in
connection with the Company's initial business combination or to redeem 100% of
its public shares if the Company does not complete its initial business
combination within 18 months (or 24 months, as applicable) from the closing of
the IPO or (b) with respect to any other provisions relating to shareholders'
rights.
An audited balance sheet as of January 12, 2021 reflecting receipt of the
Offering Proceeds has been issued by the Company and is included as Exhibit 99.1
to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Audited Balance Sheet, as of January 12, 2021
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