Item 8.01. Other Events.
On December 28, 2020, CF Acquisition Corp. IV (the "Company") consummated its
initial public offering (the "IPO") of 50,000,000 units (the "Units"), including
5,000,000 units sold upon partial exercise of the underwriters' over-allotment.
Each Unit consists of one share of Class A common stock of the Company, par
value $0.0001 per share (the "Class A Common Stock"), and one-third of one
redeemable warrant of the Company (a "Warrant"), with each whole Warrant
entitling the holder thereof to purchase one share of Class A Common Stock for
$11.50 per share. Only whole warrants are exercisable. The Units were sold at a
price of $10.00 per Unit, generating gross proceeds to the Company of
$500,000,000.
Simultaneously with the closing of the IPO, pursuant to a private placement
units purchase agreement with CFAC Holdings IV, LLC (the "Sponsor"), the Company
completed the private sale of an aggregate of 1,000,000 units (the "Private
Placement Units") at a purchase price of $10.00 per Private Placement Unit,
generating gross proceeds to the Company of $10,000,000.
A total of $500,000,000, comprised of $490,000,000 of the proceeds from the IPO
and $10,000,000 of the proceeds of the sale of the Private Placement Units, was
placed in a U.S.-based trust account at J.P. Morgan Chase Bank, N.A., maintained
by Continental Stock Transfer & Trust Company, acting as trustee.
An audited balance sheet as of December 28, 2020 reflecting receipt of the
proceeds upon consummation of the IPO and the sale of the Private Placement
Units 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
Exhibit No. Description
99.1 Audited Balance Sheet as of December 28, 2020.
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