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 Earliest Event Reported):
November 4, 2021
The Original Bark Company
(Exact name of registrant as specified in its charter)
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| Delaware | | 001-39691 | | 83-4109918 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
221 Canal Street New York, NY | | 10013 (Zip Code) |
| (Address of Principal Executive Offices) | | |
(855) 501-2275
(Registrant’s telephone number, including area code)
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:
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| ☐ | 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:
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| Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
| Common Stock, par value $0.0001 | | BARK | | New York Stock Exchange |
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| Warrants, each warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share | | BARK WS | | New 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. ☐
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| Item 1.01 | Entry Into a Material Definitive Agreement. |
On October 29, 2021, Barkbox, Inc. entered into a lease agreement (the “Lease”) with 120 Broadway Holdings, LLC for the lease of approximately 51,220 square feet of office space on the 12th floor at 120 Broadway, New York, New York 10271 (the “Premises”).
The Company can take possession of the Premises on April 1, 2022 (the “Commencement Date”). The term of the lease will be for 197 months, starting on the Commencement Date and ending on September 30, 2038. Under the terms of the Lease Agreement, the Company will pay an annual fixed rent payable monthly of (i) $2,868,320 from the period commencing on the Commencement Date and ending on September 30, 3038, (ii) $3,175,640 from the period commencing on October 1, 2028 and ending on September 30, 2033 and (iii) $3,431,740 during the period commencing on October 1, 2033 and ending on September 30, 2038.
The above description is a summary of the Lease and is qualified in its entirety by reference to the Lease, which is attached as Exhibit 10.1 hereto and is incorporated herein by reference.
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| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The disclosure under Item 1.01 above is incorporated herein by reference.
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| Item 9.01 | Financial Statements and Exhibits |
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(d) Exhibits | |
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| Exhibit No. | Description |
| 10.1 | |
| 104 | Cover Page Interactive Data File (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.
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| The Original BARK Company |
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| By: | /s/ Manish Joneja |
| Name: Manish Joneja |
| Title: Chief Executive Officer |
Date: November 4, 2021
