Item 8.01. Other Events.
On March 23, 2021, LDH Growth Corp I (the "Company") consummated its initial
public offering ("IPO") of 23,000,000 units (the "Units"), including the
issuance of 3,000,000 Units as a result of the underwriters' exercise of its
over-allotment option in full. Each Unit consists of one Class A ordinary share
of the Company, par value $0.0001 per share (the "Class A ordinary shares"), and
one-fifth of one redeemable warrant of the Company. Each whole warrant is
exercisable to purchase one Class A ordinary share of the Company at a price of
$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
$230,000,000 (before underwriting discounts and commissions and offering
expenses).
Simultaneously with the closing of the IPO, pursuant to the Private Placement
Warrants Purchase Agreement, the Company completed the private sale (the
"Private Placement") of 5,266,667 warrants (the "Private Placement Warrants") to
LDH Sponsor LLC at a purchase price of $1.50 per Private Placement Warrant,
generating gross proceeds to the Company of $7,900,000.
On March 23, 2021, a total of $230,000,000, comprised of $225,400,000 of the
proceeds from the IPO (which amount includes $8,050,000 of the underwriters'
deferred discount payable to the underwriters solely in the event that the
Company completes an initial business combination, subject to the terms of the
Underwriting Agreement, dated March 18, 2021, by and between the Company,
Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as underwriters)
and $4,600,000 of the proceeds from 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 March 23, 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
8-K.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
99.1 Audited Balance Sheet as of March 23, 2021.
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