Current Report Filing (8-k)
May 19 2022 - 4:41PM
Edgar (US Regulatory)
0001840572
false
0001840572
2022-05-19
2022-05-19
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
May 19, 2022
Bowlero
Corp.
(Exact name of registrant as specified in its
charter)
Delaware |
|
001-40142 |
|
98-1632024 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S. Employer
Identification No.) |
7313 Bell Creek Road
Mechanicsville, Virginia |
|
23111 |
(Address of principal executive offices) |
|
(Zip Code) |
(804) 417-2000
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name or former address, if changed since last
report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
|
|
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
|
|
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
|
|
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of
the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which
registered |
Class A common stock, $0.0001 par value per share |
|
BOWL |
|
The New York Stock Exchange |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark
if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01.
Other Events.
Results of the Completed Warrant Redemption
On May 19, 2022, Bowlero Corp.
(“Bowlero”) issued a press release announcing results of the completed redemption of all of its outstanding publicly
traded and privately held warrants to purchase shares of its Class A common stock, par value $0.0001 per share (the “Common
Stock”) that were issued under the Warrant Agreement, dated as of March 2, 2021, between Bowlero (f/k/a Isos Acquisition
Corporation) and Continental Stock Transfer & Trust Company.
Update on the Company’s Repurchase Program
Bowlero also announced that, as of May 11, 2022, it has repurchased
465,667 shares of Common Stock for at an average cost of $9.25 or $4,305,750 since the end of its third fiscal quarter ended March 27,
2022 under its previously authorized program for the repurchase of up to an aggregate amount of $200 million of its shares of Common Stock
and warrants, which was announced on February 7, 2022.
Repurchases of Common Stock
and the timing thereof will depend upon market conditions, corporate liquidity requirements and priorities, debt agreement limitations
and other factors as may be considered in Bowlero’s sole discretion. The share repurchase program does not obligate Bowlero to repurchase
any particular amount of Common Stock and may be suspended or discontinued at any time without notice. Repurchases may be made in the
open market, by block purchase, or in privately negotiated transactions or otherwise. Repurchases may also be made pursuant to a trading
plan under Rule 10b5-1 under the Exchange Act, which would permit shares to be repurchased when Bowlero might otherwise be precluded from
doing so because of self-imposed trading blackout periods or other regulatory restrictions.
A copy of the press release announcing the completion of the
redemption and the repurchases is filed as Exhibit 99.1 to this Current Report on Form 8-K and
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
|
|
Bowlero Corp. |
|
|
|
|
|
Date: |
May 19, 2022 |
By: |
/s/
Brett I. Parker |
|
|
|
|
Name: Brett I. Parker |
|
|
|
|
Title: President and Chief Financial Officer |
|
[Signature Page to
Form 8-K]
Isos Acquisition (NYSE:ISOS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Isos Acquisition (NYSE:ISOS)
Historical Stock Chart
From Jul 2023 to Jul 2024