Current Report Filing (8-k)
January 18 2023 - 4:29PM
Edgar (US Regulatory)
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2023-01-12
2023-01-12
0001846975
SEDAU:UnitsEachConsistingOfOneClassOrdinaryShareAndOnehalfOfOneRedeemableWarrantMember
2023-01-12
2023-01-12
0001846975
SEDAU:ClassOrdinarySharesParValue0.0001PerShareMember
2023-01-12
2023-01-12
0001846975
SEDAU:RedeemableWarrantsEachWholeWarrantExercisableForOneClassOrdinarySharesAtExercisePriceOf11.50Member
2023-01-12
2023-01-12
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): January 12, 2023
SDCL
EDGE Acquisition Corporation
(Exact
name of registrant as specified in its charter)
| Cayman Islands |
|
001-40980 |
|
98-1583135 |
| (State or other jurisdiction |
|
(Commission |
|
(I.R.S. Employer |
| of incorporation) |
|
File Number) |
|
Identification No.) |
| 60
East 42nd
Street, Suite
1100 |
|
|
| New
York, NY |
|
10165 |
| (Address
of principal executive offices) |
|
(Zip
Code) |
(212)
488-5509
(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 Securities Exchange Act of 1934:
| Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
| Units,
each consisting of one Class A ordinary share and one-half of one redeemable warrant |
|
SEDA.U |
|
New York Stock Exchange LLC |
| Class
A ordinary shares, par value $0.0001 per share |
|
SEDA |
|
New York Stock Exchange LLC |
| Redeemable
warrants, each whole warrant exercisable for one Class A ordinary shares at an exercise price of $11.50 |
|
SEDA.WS |
|
New York Stock Exchange LLC |
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 ☒
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
3.01 Notice of Delisting for Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On January 12, 2023, SDCL EDGE Acquisition Corporation
(the “Company”) received a notification letter (the “Notice”) from the New York Stock Exchange (the “NYSE”)
informing the Company that, because the number of public stockholders is less than 300, the Company is not in compliance with Section
802.01B of the NYSE Listed Company Manual (the “Listing Rule”). The Listing Rule requires the Company to maintain a minimum
of 300 public stockholders on a continuous basis.
The Notice specifies that the Company has 45 calendar
days to submit a business plan (the “Business Plan”) that demonstrates how the Company expects to return to compliance with
the Listing Rule within 18 months of receipt of the Notice. The Business Plan will be reviewed by the Listings Operations Committee (the
“Committee”) of the NYSE. The Committee will either accept the Business Plan, at which time the Company will be subject to
quarterly monitoring for compliance with the Business Plan, or the Committee will not accept the Business Plan and the Company will be
subject to suspension and delisting procedures.
The Notice and procedures described above have
no effect on the listing of the Company’s securities at this time. The Company is already working on the Business Plan and believes
that the deficiency will be cured and that it will return to compliance with the NYSE’s listing standards. The current non-compliance
with the NYSE’s listing standards described above does not affect the Company’s operations or its efforts to complete a business
combination once a suitable target is identified.
The Company’s ordinary shares, warrants and
units, which trade under the symbols “SEDA,”“SEDA.WS” and “SEDA.U,” respectively, will continue to
be listed and traded on the NYSE during the cure period, subject to the Company’s compliance with the NYSE’s other applicable
continued listing standards, and will bear the indicator “.BC” on the consolidated tape to indicate noncompliance with the
NYSE’s continued listing standards until compliance is regained.
Item
7.01 Regulation FD Disclosure
On January 18, 2023, the Company issued a press release
regarding the matters discussed in Item 3.01, a copy of which is attached hereto as Exhibit 99.1.
The
information in this Item 7.01 and in Exhibit 99.1 attached hereto is furnished pursuant to the rules and regulation of the SEC and shall
not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”)
or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities
Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Information
Concerning Forward-Looking Statements
This report includes “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. All statements other than statements of historical fact included in this report are forward-looking statements. When used
in this report, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend”
and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements
are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by the forward-looking statements as a result of the Company’s ability
to submit a business plan to regain compliance satisfactory to the NYSE; the Company’s ability to evidence that it has at
least 300 public shareholders; and other risks and uncertainties set forth in the Company’s reports filed with the Securities
and Exchange Commission (the “SEC”). All subsequent written or oral forward-looking statements attributable to us or persons
acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions,
many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s filings
with the SEC. Copies of such filings are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update
these statements for revisions or changes after the date of this release, except as required by law.
Item
9.01 Financial Statements and Exhibits.
| |
(d) |
Exhibits. The following
exhibits are filed with this Form 8-K: |
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
| |
SDCL EDGE Acquisition Corporation |
| |
|
| Date:
January 18, 2023 |
By: |
/s/
Ned Davis |
| |
Name: |
Ned Davis |
| |
Title: |
Chief Financial Officer |
SDCL EDGE Acquisition (NYSE:SEDA)
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