Item 8.01 Other Events.
On March 16, 2021, Stratim Cloud Acquisition Corp. (the "Company") consummated
its initial public offering (the "IPO") of 25,000,000 units (the "Units"). Each
Unit consists of one share of Class A common stock of the Company, par value
$0.0001 per share ("Class A Common Stock"), and one-third of one redeemable
warrant of the Company. Each whole warrant entitles the holder thereof to
purchase one share of Class A Common Stock for $11.50 per share, subject to
adjustment. The Units were sold at a price of $10.00 per Unit, generating gross
proceeds to the Company of $250,000,000.
Substantially concurrently with the closing of the IPO, the Company completed
the private sale of 4,666,667 warrants (the "Private Placement Warrants") to the
Company's sponsor, Stratim Cloud Acquisition LLC (the "Sponsor"), at a purchase
price of $1.50 per Private Placement Warrant, generating gross proceeds to the
Company of $7,000,000.
A total of $250,000,000, comprised of proceeds from the IPO and the sale of the
Private Placement Warrants, was placed in a U.S.-based 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 March 16, 2021
reflecting receipt of the proceeds upon consummation of the IPO and the sale of
the Private Placement Warrants 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. The following exhibits are filed with this Form 8-K:
Exhibit No. Description of Exhibits
99.1 Audited Balance Sheet, as of March 16, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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