UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
Current Report
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Item 8.01. Other Events.
On August 16, 2021, G3 VRM Acquisition Corp., a Delaware corporation (the “Company”), announced that, commencing on August 17, 2021, the holders of Units issued in its initial public offering (the “Units”), each consisting of one share of Class A common stock of the Company, par value $0.0001 per share (the “Common Stock”), and one right (“Right”) to receive one-tenth (1/10) of a share of Common Stock upon the consummation of an initial business combination, may elect to separately trade shares of Common Stock and Rights included in the Units. The Units not separated will continue to trade on The Nasdaq Stock Market LLC (“Nasdaq”) under the symbol “GGGVU.” Shares of Common Stock and the Rights are expected to trade on Nasdaq under the symbols “GGGV” and “GGGVR,” respectively. Holders of Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the Units into shares of Common Stock and Rights.
On August 16, 2021, the Company issued a press release announcing the commencement of separate trading of the Units, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.
On August 14, 2021, the unexercised portion of the over-allotment option granted to the underwriters in the Company’s initial public offering expired. As a result, 218,500 shares of Class B common stock owned by G3 VRM Holdings LLC, the Company’s sponsor, have been forfeited.
Item 9.01. Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release, dated August 16, 2021 |
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: August 16, 2021 | ||
| G3 VRM ACQUISITION CORP. | ||
| By: | /s/ Matthew Konkle | |
| Name: | Matthew Konkle | |
| Title: | Chief Executive Officer | |