Global Technology Acquisition I in an 8-K said it entered into a securities purchase agreement with HCG Opportunity, which acquired 3.5 million Class B shares and 7.35 million warrants for $250,000 upon closing of the SPAC’s business combination.
Following the closing, the SPAC’s sponsor retained 3.15 million warrants, 1.3 million non-redeemable Class A shares and 164,000 Class B shares.
After the closing, HCG Opportunity will elect to extend the company’s deadline from April 25 to July 25 by depositing 10 cents a share into trust for the extension.
The SPAC raised $200 million in an October 2021 IPO to focus on technology companies that operate in the marketplace, financial technology and Software-as-a-Service verticals within Europe, Latin America and the United States. Read more.
