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 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On November 4, 2021, Deep Medicine Acquisition Corp. (the “Company”) filed a Certificate of Correction (the “Certificate of Correction”) with the Secretary of State of the State of Delaware to correct an inadvertent error in its Second Amended and Restated Certificate of Incorporation filed with the Secretary of State of the State of Delaware on October 26, 2021 (the “Restated Charter”). The Restated Charter stated that the amount to be deposited into a trust account in connection with an extension of the period of time for the Company to consummate its initial business combination is $1,000,000 (or up to $1,150,000 if the underwriters’ over-allotment option is exercised in full) for each three month extension; this amount should be $1,100,000 (or up to $1,265,000 if the underwriters’ over-allotment option is exercised in full). The Certificate of Correction modified Article IX of the Restated Charter to correctly state such amount. Other than disclosed herein, no additional changes have been made to Restated Charter. The full text of the Certificate of Correction is included as Exhibit 3.1 to this Current Report on Form 8-K.
Item 8.01. Other Events.
On October 29, 2021, the Company consummated its initial public offering (the “IPO”) of 12,650,000 units (the “Units”), which included 1,650,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option. Each Unit consists of one share of Class A common stock of the Company, par value $0.0001 per share (“Class A Common Stock”), and one right to receive one-tenth of one share of Class A Common Stock upon the consummation of the Company’s initial business combination. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $126,500,000.
On October 29, 2021, simultaneously with the closing of the IPO, the Company completed the private sale of an aggregate of 519,500 units (the “Private Placement Units”) to Bright Vision Sponsor LLC and I-Bankers Securities, Inc. at a purchase price of $10.00 per Private Placement Unit, generating gross proceeds to the Company of $5,195,000.
A total of $127,765,000 of the net proceeds from the IPO and the sale of the Private Placement Units was placed in a U.S.-based trust account maintained by American Stock Transfer & Trust Company, LLC, acting as trustee.
An audited balance sheet as of October 29, 2021 reflecting receipt of the proceeds upon consummation of the IPO and the Private Placement has been issued by the Company and is included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits |
| Exhibit No. | Description | |
| 3.1 | Certificate of Correction to the Second Amended and Restated Certificate of Incorporation | |
| 99.1 | Audited Balance Sheet as of October 29, 2021. | |
| 104 | Cover Page Interactive Data File |
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: November 4, 2021
| DEEP MEDICINE ACQUISITION CORP. | ||
| By: | /s/ Humphrey P. Polanen | |
| Humphrey P. Polanen | ||
| Chief Executive Officer | ||