Item 8.01 Other Events.
On April 16, 2021, TCV Acquisition Corp. (the "Company") consummated its initial
public offering (the "IPO") of 40,000,000 Class A ordinary shares, $0.0001 par
value (the "Shares"), which included Shares issued pursuant to the full exercise
of the Underwriters' option to purchase additional Shares to cover
overallotments, at an offering price of $10.00 per Share, and a private
placement with TCV Acquisition Holdings, L.P. (the "Sponsor") of 1,100,000
private placement shares at a price of $10.00 per share (the "Private
Placement").
The net proceeds from the IPO together with certain of the proceeds from the
Private Placement, $400,000,000 in the aggregate (the "Offering Proceeds"), were
placed in a trust account established for the benefit of the holders of the
Company's public shareholders and the underwriters with Continental Stock
Transfer & Trust Company acting as trustee. Except for the withdrawal from
interest earned on the Offering Proceeds in the trust account to fund income
taxes payable, or upon the redemption by public stockholders of Class A ordinary
shares in connection with certain amendments to the Company's amended and
restated memorandum and articles of association, none of the funds held in the
trust account will be released until the earlier of the completion of the
Company's initial business combination or the redemption of 100% of the Class A
ordinary shares issued by the Company in the IPO if the Company is unable to
consummate an initial business combination within 24 months (or 27 months, as
applicable) from the closing of the IPO.
An audited balance sheet as of April 16, 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 as of April 16, 2021.
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