UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement
On April 11, 2022, Silver Crest Acquisition Corporation, a Cayman Islands exempted company (“Silver Crest”), issued an unsecured promissory note to Silver Crest Management LLC, a Cayman Islands limited liability company (“Sponsor”), pursuant to which Silver Crest could borrow up to an aggregate principal amount of $850,000 for working capital needs (the “Promissory Note”). Sponsor holds (i) 8,625,000 Class B ordinary shares of Silver Crest, par value $0.0001 each, and (ii) 8,900,000 warrants, each exercisable to purchase one Class A ordinary share of Silver Crest at $11.50 per share. The Promissory Note is non-interest bearing and payable on the earlier of (i) January 19, 2023 or (ii) the consummation of a Business Combination (as defined in Silver Crest’s Second Amended and Restated Memorandum and Articles of Association).
This description is qualified in its entirety by reference to the Promissory Note, which is filed as Exhibit 2.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| 2.1 | Promissory Note, dated as of April 11, 2022, between Silver Crest Acquisition Corporation and Silver Crest Management LLC. |
| 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.
| Date: April 11, 2022 | SILVER CREST ACQUISITION CORPORATION |
| By: | /s/ Ho Cheung |
| Name: | Ho Cheung |
| Title: | Chief Executive Officer |