Item 8.01. Other Events.
On September 24, 2021, Argus Capital Corp. (the "Company") consummated its
initial public offering ("IPO") of 30,475,000 units (the "Units"), including the
issuance of 3,975,000 Units as a result of the underwriters' exercise of their
over-allotment option in full. 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-half of one redeemable warrant of the Company (each, a "Warrant"), each
whole Warrant entitling the holder thereof to purchase one share of Class A
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
On September 21, 2021, simultaneously with the consummation of the IPO, the
Company completed the private sale (the "Private Placement") of an aggregate of
9,626,667 warrants (the "Private Placement Warrants") to Argus Sponsor LLC at a
purchase price of $1.50 per Private Placement Warrant, generating gross proceeds
to the Company of $14,440,000.
A total of $310,845,000, or $10.20 per Unit, comprised of $298,655,000 of the
proceeds from the IPO (which amount includes $10,666,250 of the underwriters'
deferred discount) and $12,190,000 of the proceeds of the sale of the Private
Placement Warrants, 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 September 24, 2021 reflecting receipt of the
proceeds upon consummation of the IPO and the Private Placement has been issued
by the Company and is included as Exhibit 99.1 to this Current Report on Form
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