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OFFON

JAWS HURRICANE ACQUISITION CORPORATION

(HCNE.U)
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JAWS HURRICANE ACQUISITION CORP : Other Events, Financial Statements and Exhibits (form 8-K)

06/21/2021 | 05:31pm EDT

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




                                       1

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Managers and Directors
Matthew Walters Chief Executive Officer & Director
Michael Racich Chief Financial Officer
Barry Stuart Sternlicht Chairman
Benjamin Weprin Independent Director
Andrew Appelbaum Director
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