UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
Current Report
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Item 8.01 Other Events
On June 6, 2022, Global Consumer Acquisition Corp. (the “Company”) notified the trustee of the Company’s trust account (the “Trust Account”) that it was extending the time available to the Company to consummate its initial business combination from June 11, 2022 to September 11, 2022 (the “Extension”). The Extension provides the Company with additional time to complete its proposed business combination with GP Global Limited (“GP Global”) and Luminex Home Décor & Fragrance Holding Corporation (“Luminex”), industry leaders in branded, licensed and private label solutions in the Air Care and Personal Care sectors. The Extension is the first of up to two three-month extensions permitted under the Company’s governing documents.
In connection with the Extension, the Company’s sponsor, Global Consumer Acquisition LLC, will deposit an aggregate of $1,826,300 (the “First Extension Payment”) into the Trust Account prior to June 11, 2022, on behalf of the Company. The sponsor will receive a non-interest bearing, unsecured promissory note equal to the First Extension Payment that will not be repaid in the event that the Company is unable to close a business combination unless there are funds available outside its trust account to do so. Such note would either be paid upon consummation of the Company’s initial business combination, or, at the relevant insider’s discretion, converted upon consummation of the Company’s business combination into additional private units at a price of $10.00 per unit.
The Company issued the release distributed herewith on June 6, 2022. The materials attached as Exhibit 99.1 are incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release dated June 6, 2022 | |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. |
SIGNATURES
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: June 6, 2022 | GLOBAL CONSUMER ACQUISITION CORP. | |
| By: | /s/ Rohan Ajila | |
| Name: | Rohan Ajila | |
| Title: | Chief Executive Officer | |