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): October 3, 2008

 

 

Victory Acquisition Corp.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware   001-33419   20-8218483

(State or Other Jurisdiction

of Incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

 

970 West Broadway, PMB 402, Jackson, Wyoming   83001
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s Telephone Number, Including Area Code: (307) 633-2831

N/A

(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 ( see General Instruction A.2. below):

 

¨ 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))

 

 

 


Item 8.01. Other Events

Upon consummation of Victory Acquisition Corp.’s initial public offering, the funds held in the trust account were deposited with JPMorgan Chase Bank. Such funds have been continuously held by JPMorgan Chase Bank and, as of September 30, 2008, the $330,650,703.41 funds are held in a trust account at JPMorgan Chase Bank, with Continental Stock Transfer & Trust Company as trustee. The per-share liquidation price as of September 30, 2008 would have been approximately $10.02 based on 33,000,000 shares outstanding on such date held by public stockholders. The foregoing amounts do not reflect (i) any increase as a result of future interest income that may be earned on such funds, (ii) any decrease as a result of future interest income earned on such funds that may be subsequently released to us in amounts up to approximately $1.6 million to fund our working capital requirements and (iii) any decrease as a result of future interest income earned on such funds that may be subsequently released to us in any amounts necessary to pay our tax obligations on such future interest income earned.

100% of the funds are invested in JP Morgan Funds 100% U.S. Treasury Securities Money Market Fund (the “Fund”). Per the Fund’s prospectus (i) the Fund invests its assets exclusively in obligations of the U.S. Treasury, including Treasury bills, bonds and notes, (ii) the Fund does not buy securities issued or guaranteed by agencies of the U.S. government, (iii) the dollar weighted average maturity of the Fund will generally be 60 days or less, and (iv) the Fund will only buy securities that have remaining maturities of 397 days or less as determined under Rule 2a-7. JPMorgan Chase Bank acts as custodian for the Fund.

The information in this Current Report is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement pursuant to the Securities Act of 1933.

 

2


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.

 

Dated: October 3, 2008     VICTORY ACQUISITION CORP.
  By:  

/s/    Jonathan J. Ledecky

    Jonathan J. Ledecky
    President

 

3

Grafico Azioni Victory Acquisition Corp (AMEX:VRY)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di Victory Acquisition Corp
Grafico Azioni Victory Acquisition Corp (AMEX:VRY)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Victory Acquisition Corp