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. |
Amendment to Trust Agreement
As previously disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission on May 28, 2021, in connection with the initial public offering of Fifth Wall Acquisition Corp. III (“FWAC”), FWAC entered in an Investment Management Trust Agreement, dated May 24, 2021 (the “Trust Agreement”) with Continental Stock Transfer & Trust Company (“Continental”).
On May 25, 2023, FWAC and Continental entered into Amendment No. 1 to the Trust Agreement (“Amendment No. 1”). Amendment No. 1 amends the Trust Agreement for administrative purposes to allow for trust account proceeds to be held in an interest bearing deposit account.
The foregoing description of Amendment No. 1 does not purport to be complete and is qualified in its entirety by reference to the full text of Amendment No. 1, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1.
| Item 8.01 | Other Events. |
On May 25, 2023, FWAC instructed Continental to liquidate the investments held in the trust account and move such cash proceeds to an interest bearing deposit account. As of the date hereof, interest earned on cash held in the trust account is approximately 4.00% per annum.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits.
| Exhibit |
Description | |
| 10.1 | Amendment No. 1 to the Investment Management Trust Agreement, dated as of May 25, 2023, by and between Fifth Wall Acquisition Corp. III and Continental Stock Transfer & Trust Company | |
| 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.
| FIFTH WALL ACQUISITION CORP. III | ||||||
| Date: May 30, 2023 | By: | /s/Andriy Mykhaylovskyy | ||||
| Name: | Andriy Mykhaylovskyy | |||||
| Title: | Chief Financial Officer | |||||