Item 8.01. Other Events.

On January 20, 2021, Group Nine Acquisition Corp. (the "Company") consummated its initial public offering (the "IPO") of 23,000,000 units (the "Units") including 3,000,000 Units sold pursuant to the full exercise of the underwriters' option to purchase additional Units to cover over-allotments. Each Unit consists of one share of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of the Company and one-third of one redeemable warrant of the Company (the "Warrants"), with each whole Warrant entitling the holder thereof to purchase one whole share of Class A Common Stock for $11.50 per share. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $230,000,000.

Simultaneously with the consummation of the IPO on January 20, 2021, the Company completed the private sale (the "Private Placement") of 2,840,000 warrants (the "Private Placement Warrants") at a purchase price of $1.50 per Private Placement Warrant, to the Company's sponsor, Group Nine SPAC LLC, generating gross proceeds to the Company of $4,260,000.

$230 million of the net proceeds from the IPO and the sale of the Private Placement Warrants to the Sponsor have been deposited in a trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee, established for the benefit of the Company's public stockholders. An audited balance sheet as of January 20, 2021 reflecting receipt of the net proceeds from the IPO and the Private Placement 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 of Exhibits

  99.1          Audited Balance Sheet, as of January 20, 2021




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