SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 14, 2021, the Board of Directors (the “Board”) of JAWS Juggernaut Acquisition Corporation (the “Company”) fixed the size of the Board at five directors and appointed Cory Gardner to serve as a Class II director. The Board also appointed Mr. Gardner to serve as a member of the Board’s Audit Committee and Compensation Committee. The Board has determined that Mr. Gardner is an independent director under applicable Securities and Exchange Commission and Nasdaq Capital Market rules.
On September 14, 2021, Mr. Gardner executed a joinder agreement pursuant to which he became party to the Letter Agreement, dated June 17, 2021 (the “Insider Letter”), among the Company, the Sponsor and each of the officers and directors of the Company. A copy of the Insider Letter was filed as Exhibit 10.4 to the Company’s Current Report on Form 8-K, filed with the SEC on June 23, 2021, and is incorporated herein by reference.
Mr. Gardner also entered into an indemnification agreement (the “Indemnification Agreement”), pursuant to which the Company has agreed to indemnify him against certain claims that may arise in connection with his service as a director of the Company. The Indemnification Agreement is substantially similar to the form filed as Exhibit 10.4 to the Company’s Registration Statement on Form S-1, initially filed with the SEC on February 12, 2021, as amended, which is incorporated herein by reference.
The Company will reimburse Mr. Gardner for reasonable out-of-pocket expenses related to identifying, investigating and completing an initial business combination.
Other than the foregoing, Mr. Gardner is not party to any arrangement or understanding with any person pursuant to which he was appointed as a director, nor is he party to any transaction required to be disclosed under Item 404(a) of Regulation S-K involving the Company.
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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.
| Dated: September 14, 2021 | JAWS JUGGERNAUT ACQUISITION CORPORATION | |
| By: | /s/ Wilcoln Lee | |
| Name: | Wilcoln Lee | |
| Title: | Chief Investment Officer | |
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