UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 1.02 Termination of a Material Definitive Agreement.
On June 17, 2022 Brilliant Acquisition Corporation (the “Company”) and EarlyBirdCapital, Inc., the representative of the underwriters in the Company’s initial public offering (the “Representative”), agreed to terminate, pursuant to a termination agreement (the “Termination Agreement”), its previously disclosed Business Combination Marketing Agreement, dated June 23, 2020, by and between the Company and the Representative (the “Business Combination Marketing Agreement”).
Pursuant to the Business Combination Marketing Agreement, the Company engaged the Representative to act as an advisor in connection with the Company’s initial business combination. The Company had agreed to pay the Representative a cash fee for such services upon the consummation of the Company’s initial business combination in an amount equal to 3.5% of the gross proceeds of the Company’s initial public offering. Pursuant to the Termination Agreement, the Representative acknowledged that no amounts are due to it by the Company pursuant to the terms of the Business Combination Marketing Agreement, and the Company acknowledged that it has no claim against the Representative in connection with the termination of the Business Combination Marketing Agreement. In addition, the Representative agreed to return to the Company for cancelation the 100,000 ordinary shares of the Company held by the Representative that it received as representative shares in connection with the Company’s initial public offering.
The foregoing description of the Termination Agreement is qualified in its entirety by reference to the full text of the Termination Agreement, a copy of which is filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits:
| Exhibit No. | Description | |
| 10.1 | Termination Agreement, dated June 17, 2022 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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.
| BRILLIANT ACQUISITION CORPORATION | ||
| By: | /s/ Dr. Peng Jiang | |
| Name: Dr. Peng Jiang | ||
| Title: Chief Executive Officer | ||
| Dated: June 17, 2022 | ||
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