Item 8.01 Other Events.
As previously disclosed on a Current Report on Form 8-K, as filed with the
Securities and Exchange Commission on October 25, 2021, Worldwide Webb
Acquisition Corp. (the "Company") consummated its initial public offering (the
"IPO") of 20,000,000 units (the "Units"). Each Unit consists of one Class A
ordinary share of the Company, par value $0.0001 per share (an "Ordinary
Share"), and one-half of one redeemable warrant of the Company. Each whole
warrant entitles the holder thereof to purchase one Ordinary Share 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 $200,000,000.
Substantially concurrently with the closing of the IPO, the Company completed
the private sale of 8,000,000 warrants (the "Private Placement Warrants") at a
purchase price of $1.00 per Private Placement Warrant, to the Company's sponsor,
Worldwide Webb Acquisition Sponsor, LLC (the "Sponsor"), generating gross
proceeds to the Company of $8,000,000. A total of $202,000,000, comprised of
proceeds from the IPO and the sale of the Private Placement Warrants, was placed
in a U.S.-based trust account maintained by Continental Stock Transfer & Trust
Company, acting as trustee.
Subsequently, on November 11, 2021, the underwriter exercised the over-allotment
option in full, and the closing of the issuance and sale of the additional
3,000,000 units (the "Over-Allotment Units") occurred on November 15, 2021. In
connection with the over-allotment exercise, the Company issued 3,000,000
Over-Allotment Units, representing 3,000,000 Ordinary Shares and 1,500,000
public warrants at a price of $10.00 per Unit, generating total gross proceeds
of $30,000,000.
Substantially concurrently with the closing of the sale of the Over-Allotment
Units, the Company completed the private sale of 900,000 Private Placement
Warrants ("Additional Private Placement Warrants") to the Sponsor at a purchase
price of $1.00 per Private Placement Warrant, generating gross proceeds to the
Company of $900,000.
A total of $232,300,000 of the net proceeds from the sale of the units in the
IPO (including the Over-Allotment Units) and the private placements on
October 22, 2021 and November 15, 2021 were placed in a trust account
established for the benefit of the Company's public shareholders. An audited
balance sheet as of October 25, 2021 reflecting the receipt of the proceeds upon
the closing of the IPO and the Private Placement Warrants (not including the
proceeds from the sale of the Over-Allotment Units and the Additional Private
Placement Warrants) was previously filed by the Company as an exhibit to Form
8-K filed November 15, 2021. The Company's unaudited pro forma balance sheet as
of November 15, 2021, reflecting receipt of the proceeds from the sale of the
Over-Allotment Units and the Additional Private Placement Warrants, is included
as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description of Exhibits
99.1 Unaudited Pro Forma Balance Sheet as of November 15, 2021.
104 Cover Page Interactive Data File, formatted in Inline Extensible
Business Reporting Language (iXBRL)
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