Item 8.01. Other Events.
On November 23, 2020, Jiya Acquisition Corp. (the "Company") consummated its
initial public offering ("IPO") of 10,000,000 shares of Class A common stock
(the "Shares"). The Shares were sold at a price of $10.00 per share, generating
gross proceeds to the Company of $100,000,000.
Substantially concurrently with the closing of the IPO, the Company completed
the private sale (the "Private Placement") of 500,000 shares of Class A common
stock of the Company (the "Private Placement Shares") to Jiya Holding Company,
LLC at a purchase price of $10.00 per Private Placement Share, generating gross
proceeds to the Company of $5,000,000.
A total of $100,000,000, comprised of $98,000,000 of the proceeds from the IPO,
including $3,500,000 of the underwriters' deferred discount, and $2,000,000 of
the proceeds of the sale of the Private Placement Shares, was placed in a trust
account at J.P. Morgan Chase Bank, N.A., maintained by Continental Stock
Transfer & Trust Company, acting as trustee. An audited balance sheet as of
November 23, 2020 reflecting receipt of the proceeds upon consummation of the
IPO and the Private Placement has been issued by the Company and is included as
Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Audited Balance Sheet, as of November 23, 2020
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JIYA ACQUISITION CORP. 
