Item 3.02. Unregistered Sales of Equity Securities.
On November 16, 2021, Zanite Acquisition Corp. (the "Company") completed the
sale of 2,300,000 private placement warrants (the "Private Placement Warrants")
to Zanite Sponsor LLC (the "Sponsor"), for an aggregate purchase price of
$2,300,000, to extend the period of time it will have to consummate its initial
business combination by 6 months from the current deadline of November 19, 2021
until May 19, 2022 (the "completion window"). The Company's stockholders are not
entitled to vote on or redeem their shares in connection with such extension of
the completion window. The Private Placement Warrants are identical to the
Private Placement Warrants sold to the Sponsor in connection with the Company's
initial public offering. No underwriting discounts or commissions were paid with
respect to such sale. The issuance of the Private Placement Warrants was made
pursuant to the exemption from registration contained in Section 4(a)(2) of the
Securities Act of 1933, as amended. A copy of the press release announcing the
receipt of notice is furnished hereto as Exhibit 99.1.
Item 8.01. Other events.
On November 17, 2021, the Company issued a press release, a copy of which is
attached as Exhibit 99.1 to this Current Report on Form 8-K, announcing that the
completion window was extended until May 19, 2022 because the Sponsor has timely
deposited $2,300,000 in the Company's trust account, representing the aggregate
purchase price for the Private Placement Warrants.
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