0001838207-22-000004.txt : 20221004 0001838207-22-000004.hdr.sgml : 20221004 20221003200728 ACCESSION NUMBER: 0001838207-22-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20221003 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20221004 DATE AS OF CHANGE: 20221003 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Austerlitz Acquisition Corp I CENTRAL INDEX KEY: 0001838207 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40110 FILM NUMBER: 221289296 BUSINESS ADDRESS: STREET 1: 1701 VILLAGE CENTER CIRCLE CITY: LAS VEGAS STATE: NV ZIP: 89134 BUSINESS PHONE: 702-323-7330 MAIL ADDRESS: STREET 1: 1701 VILLAGE CENTER CIRCLE CITY: LAS VEGAS STATE: NV ZIP: 89134 8-K 1 aus-20221003.htm 8-K aus-20221003
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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): October 3, 2022
Austerlitz Acquisition Corporation I
(Exact name of Registrant as Specified in its Charter)

Cayman Islands001-4011098-1583472
(State or other jurisdiction of 
incorporation or organization)
 (Commission File Number)(IRS Employer Identification No.)

1701 Village Center Circle
Las Vegas, Nevada 89134
(Addresses of principal executive offices)

(702323-7330
(Registrant's telephone number, including area code)

N/A
(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 ClassTrading Symbol Name of Each Exchange on Which Registered
Units, each consisting of one Class A Ordinary Share and one-fourth of one WarrantAUS.UNew York Stock Exchange
Class A Ordinary Shares, par value $0.0001 per shareAUSNew York Stock Exchange
Warrants, each whole Warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per shareAUS WSNew 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



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.
On October 3, 2022, Austerlitz Acquisition Corporation I (the “Company”) issued a press release announcing that the Company's sponsors, Cannae Holdings, Inc. and Trasimene Capital Management, LLC, are seeking approval of the Company’s shareholders to redeem its outstanding Class A ordinary shares for cash held in its trust account prior to December 31, 2022 (the "Redemption"). The Company filed a preliminary proxy statement (the "Preliminary Proxy Statement") which contains proposals to amend and restate the Company's Amended and Restated Memorandum and Articles of Association (the "Articles") and to amend the Company's Investment Management Trust Agreement (the "Trust Agreement"). The amended and restated Articles and amended Trust Agreement will allow the Company to effect the Redemption. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Investors are encouraged to read the Preliminary Proxy Statement which can be found on the SEC's website at www.sec.gov.

Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit Description
99.1 
104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.








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 thereunto duly authorized.
     
 
Austerlitz Acquisition Corporation I 

 
Date:October 3, 2022By:  /s/ Michael L. Gravelle 
  Name:  Michael L. Gravelle 
  Title:  General Counsel and Corporate Secretary 

EX-99.1 2 ausex991trustreturn.htm EX-99.1 Document

EXHIBIT 99.1

Sponsors Seek Early Liquidation
of Austerlitz Acquisition Corporation I

Las Vegas, October 3, 2022 – Cannae Holdings, Inc. (NYSE: CNNE) and Trasimene Capital Management, sponsors (the “Sponsors”) of Austerlitz Acquisition Corporation I (NYSE: AUS, or the “Company”), a special purpose acquisition company (“SPAC”), are seeking approval of the Company’s shareholders to redeem its outstanding Class A ordinary shares (the “Public Shares”) for cash held in its trust account prior to December 31, 2022. AUS expires by its terms on March 2, 2023 (the “24-Month Deadline”). The Sponsors believe that consummation of a suitable merger is highly improbable, and it is therefore in shareholders’ best interests to return the cash in trust within calendar 2022 rather than wait for expiration in 2023.

Since the Company’s IPO, the Sponsors reviewed hundreds of potential merger partners and have had substantive negotiations with dozens of them. Despite these extensive efforts, the Sponsors have not secured and do not seek a merger partner. Some prospective partners did not meet the Sponsors’ investment criteria, and some pursued other strategic options like an IPO or full or partial sale. Some eventually declined to merge with AUS due to poor stock price performance in the SPAC and IPO markets.

The Company has filed a preliminary proxy statement with the U.S. Securities and Exchange Commission (the “Commission”) containing proposals to amend its Articles of Association and the Investment Management Trust Agreement to allow the Company to commence liquidation without a business combination and before the 24-Month Deadline.

The Sponsors will seek shareholders favorable vote at a special meeting of shareholders in November 2022. As part of that process, the holders of Public Shares will have an opportunity to submit their shares for voluntary redemption.

Funds held in trust today are $690.0 million. Accordingly, the Company expects to return $10.00 per Public Share to the holders.

Austerlitz Acquisition Corporation I

Austerlitz Acquisition Corporation I is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

Forward-Looking Statements

This press release 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. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking



statements are based on current information and expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company’s views as of any subsequent date, and the Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. You should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. 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” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, and its subsequent reports filed with the Commission from time to time. Copies of such filings are available on the Commission’s website, www.sec.gov. The Company and the Sponsors undertake no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contacts

Jamie Lillis, Managing Director, Solebury Trout, 203-428-3223, jlillis@soleburytrout.com

Source: Austerlitz Acquisition Corporation I








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