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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
of earliest event reported): February 7, 2024
HH&L
Acquisition Co.
(Exact name of registrant as specified in its charter)
Cayman Islands |
|
001-40006 |
|
N/A |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
Suite 2001-2002, 20/F, York House
The Landmark, 15 Queen’s Road Central
Central, Hong Kong |
|
00000 |
(Address of Principal Executive Offices) |
|
(Zip Code) |
Registrant's telephone number, including area code: (852) 3752 2870
Not Applicable
(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 (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:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which
registered |
Class A ordinary shares, par value $0.0001 per share |
|
HHLA |
|
The New York Stock Exchange |
Redeemable warrants, each whole warrant exercisable for one Class A ordinary share, each at an exercise price of $11.50 per share |
|
HHLA WS |
|
The New York Stock Exchange |
Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant |
|
HHLA.U |
|
The 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 x
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.
On February
7, 2024, HH&L Acquisition Co. (the “Company”) decides that it will redeem all of its outstanding ordinary shares
that were included in the units issued in its initial public offering (the “Public Shares”), effective as of the closing of
business on February 23, 2024, as the Company will not be able to consummate an initial business combination (the “Business Combination”)
on or before February 9, 2024.
Pursuant to the Amended and Restated Memorandum
and Articles of Association (the “Articles”), in the event that the Company does not consummate a business combination on
or before February 9, 2024, or such later time as the members may approve in accordance with the Articles, the Company shall: (a) cease
all operations except for the purpose of winding up; (b) as promptly as reasonably possible but not more than ten (10) business days thereafter,
redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including
interest earned on the funds held in the trust account and not previously released to the Company (less tax payable, if any, and up to
US$100,000 of interest to pay dissolution expenses), divided by the number of then Public Shares in issue, which redemption will completely
extinguish public members’ rights as members (including the right to receive further liquidation distributions, if any); and (c)
as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining members and the
directors, liquidate and dissolve, subject in each case to its obligations under Cayman Islands law to provide for claims of creditors
and other requirements of applicable law. The Company will use the working capital and available cash held outside the trust account to
repay the Company’s transaction expenses that the Company has incurred in connection with the Business Combination.
The per-share redemption price for the Public
Shares will be approximately US$10.79, before payment of taxes and dissolution expenses.
The Public Shares will cease trading as of the
close of business of February 9, 2024. As of the close of business of February 23, 2024, the Public Shares will be deemed cancelled and
will represent only the right to receive the redemption amount.
The redemption amount will be payable to the holders
of the Public Shares upon delivery of their shares or units. Beneficial owners of Public Shares held in “street name”, however,
will not need to take any action in order to receive the redemption amount.
There will be no redemption rights or liquidating
distributions with respect to the Company’s warrants, which will be terminated. The Company’s initial shareholders have waived
their redemption rights with respect to its outstanding ordinary shares issued before the Company’s initial public offering.
The Company expects that the New York Stock Exchange
will file a Form 25 with the United States Securities and Exchange Commission (the “SEC”) to delist the Company’s securities.
The Company thereafter expects to file a Form 15 with the SEC to terminate the registration of its securities under the Securities Exchange
Act of 1934, as amended.
Forward-Looking Statements
This report may include “forward-looking
statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. Such forward-looking statements are based on the beliefs and reasonable assumptions of management, and actual
results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the
Company’s filings with the SEC.
The Company undertakes no obligation to update any forward-looking
statements after the date of this release, except as required by law.
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.
|
HH&L Acquisition Co. |
|
|
|
By: |
/s/ Richard Qi Li |
|
Name: |
Richard Qi Li |
|
Title: |
Chief Executive Officer and Director |
Date:
February 7, 2024
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HH&L
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Entity Address, Address Line One |
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York House
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HK
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