Item 8.01. Other Events.
On June 15, 2021, JAWS Hurricane Acquisition Corporation (the "Company")
consummated an initial public offering (the "IPO") of 31,625,000 units (the
"Units"), which included the full exercise of the underwriters' option to
purchase an additional 4,125,000 Units at the initial public offering price to
cover over-allotments, at an offering price of $10.00 per Unit, and a private
placement with Hurricane Sponsor LLC (the "Sponsor") of an aggregate of
4,162,500 private placement warrants at a price of $2.00 per warrant (the
"Private Placement"). The net proceeds from the IPO together with certain of the
proceeds from the Private Placement, $316,250,000 in the aggregate (the
"Offering Proceeds"), were placed in a trust account established for the benefit
of the Company's public stockholders and the underwriters of the IPO with
Continental Stock Transfer & Trust Company acting as trustee. Except with
respect to interest earned on the funds held in the trust account that may be
released to the Company to pay its tax obligations, the funds held in the trust
account will not be released from the trust account until the earliest of: (a)
the completion of the Company's initial business combination; (b) the redemption
of any public shares properly tendered in connection with a stockholder vote to
amend the Company's amended and restated certificate of incorporation (i) to
modify the substance or timing of the Company's obligation to provide holders of
the Class A common stock the right to have their shares redeemed in connection
with the Company's initial business combination or to redeem 100% of our public
shares if the Company does not complete its initial business combination within
24 months from the closing of the IPO or (ii) with respect to any other
provisions relating to stockholders' rights; and (c) the redemption of all of
the public shares if the Company has not completed its initial business
combination within 24 months from the closing of the IPO, subject to applicable
law.
An audited balance sheet as of June 15, 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
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