UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01. | Other Events |
As previously reported, on November 8, 2021, Liberty Resources Acquisition Corp. (the “Company”) completed its initial public offering (the “Offering”) of 11,500,000 units (“Units”), including the issuance of 1,500,000 Units as a result of the underwriter’s full exercise of its over-allotment option. Each Unit consists of one share of Class A common stock, par value $0.0001 per share (“Class A Common Stock”), and one redeemable warrant (“Warrant”), each whole Warrant entitling the holder thereof to purchase one share of Class A Common Stock at an exercise price of $11.50 per share, subject to adjustment, pursuant to the Company’s registration statement on Form S-1 (File Nos. 333-259342). The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $115,000,000.
As previously reported, on November 8, 2021, simultaneously with the consummation of the Offering, the Company completed a private placement of an aggregate of 530,275 units (the “Private Placement Units”) at a price of $10.00 per Private Placement Unit, generating total gross proceeds of $5,302,750 (the “Private Placement”). A total of $$116,725,000, comprised of the proceeds from the Offering and the proceeds of the Private Placement, net of the underwriting commissions, discounts, and offering expenses, was deposited in a trust account established for the benefit of the Company’s public stockholders.
On December 23, 2021, the Company issued a press release, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K, announcing that the holders of the Units may elect to separately trade the shares of Class A Common Stock and the Warrants comprising the Units commencing on December 27, 2021. Those Units not separated will continue to trade on The Nasdaq Global Market under the symbol “LIBYU,” and the Class A Common Stock and Warrants that are separated will trade on The Nasdaq Global Market under the symbols “LIBY” and “LIBYW,” respectively. Holders of Units will need to instruct their brokers to contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, to separate their Units into shares of Class A Common Stock and Warrants.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. | Description |
| 99.1 | Press Release dated December 23, 2021 |
| 104 | Cover Page Interactive Date File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LIBERTY RESOURCES ACQUISITION CORP. | |||
| Date: December 23, 2021 | By: | /s/ Dato’ Maznah Binti Abdul Jalil | |
| Dato’ Maznah Binti Abdul Jalil | |||
| Chief Executive Officer | |||