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
January 18, 2023
Date of Report (Date of earliest event reported)
EF HUTTON ACQUISITION CORPORATION I
(Exact Name of Registrant as Specified in its Charter)
Delaware | 001-41497 | 86-2559175 | ||
(State or other jurisdiction | (Commission | (I.R.S. Employer | ||
of incorporation) | File Number) | Identification No.) |
24 Shipyard Drive, Suite 102 Hingham, MA | 02043 | |
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (929) 528-0767
N/A
(Former name or former address, if changed since last report)
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:
☐ | Written communications pursuant to Rule 425 under the Securities Act |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Common Stock | EFHT | The Nasdaq Stock Market LLC | ||
Warrants | EFHTW | The Nasdaq Stock Market LLC | ||
Units | EFHTU | The Nasdaq Stock Market LLC | ||
Rights | EFHTR | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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. ☐
Item 8.01. Other Events.
As previously disclosed, on September 13, 2022, EF Hutton Acquisition Corporation I (the “Company”) consummated its initial public offering (“IPO”) of 11,500,000 units (the “Units”), including 1,500,000 issued upon the exercise in full by the underwriters of the over-allotment option. Each Unit consists of one share of common stock, par value $0.0001 per share (the “Common Stock”), one warrant (the “Warrants”), each Warrant entitling the holder thereof to purchase one share of Common Stock at a price of $11.50 per share and one right (the “Rights”) to receive 1/8 of one share of Common Stock upon the consummation of the Company’s initial business combination.
On December 8, 2022, the holders of the units (the “Units”) of the Company were able to elect to brake up the Units and separately trade the shares of Common Stock, the Rights, and the Warrants included in the Units. The Company intended that any Units not separated would continue to trade on the Nasdaq Global Market (“Nasdaq”) under the symbol “EFHU”, and the Common Stock, Rights and Warrants will separately trade on Nasdaq under the symbols “EFHT,” “EFHTR,” and “EFHTW,” respectively. However, due to a miscommunication by the Company, Nasdaq moved to delist the Company’s Units from Nasdaq and on January 6, 2023, Nasdaq filed a Form 25 with the SEC delisting the Company’s Units.
As a result, the Company determined to and did effect a mandatory separation of the Company’s Units effective on January 18, 2023, which separated each outstanding Unit into one share of Common Stock, one Right and one Warrant. After January 18, 2023 no Units are outstanding.
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: January 30, 2023 | ||
EF HUTTON ACQUISITION CORPORATION I | ||
/s/ Benjamin Piggott | ||
Name: | Benjamin Piggott | |
Title: | Chairman and Chief Executive Officer |