---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-052147"
form_type: "8-K"
ticker: null
cik: "0001855168"
company_name: "Williams Rowland Acquisition Corp."
filed_at: "2023-06-27T23:59:59+00:00"
generated_at: "2026-06-13T16:33:02.979161+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SPAC founder shares and warrants sold to sponsor for $300k; co-CEO Rowland resigns

## Summary
- Wrac, Ltd. sells 2,514,663 founder shares and 5,550,000 warrants to Williams Rowland Sponsor LLC for $300,000 cash.
- Jonathan Rowland resigns as director and co-CEO effective June 24, 2023; cited no disagreement with operations.
- Transaction transfers all SPAC securities owned by Rowland and his seller entity to the sponsor controlled by David B. Williams.
- Williams Rowland Sponsor LLC becomes the sole holder of founder shares and warrants; David B. Williams remains CEO.

## SEC filing metadata
- accession: 0001213900-23-052147
- form_type: 8-K
- cik: 0001855168
- company_name: Williams Rowland Acquisition Corp.
- filed_at: 2023-06-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855168/000121390023052147/0001213900-23-052147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855168/000121390023052147/ea181028-8k_williamsro.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-052147
- JSON: https://secwatch.observer/filing/0001213900-23-052147.json
- Plain text: https://secwatch.observer/filing/0001213900-23-052147.txt

## Key facts
- Executive change
  Jonathan Rowland resigned as director and co-chief executive officer at Williams Rowland Acquisition Corp..
  - Action: resigned
  - Role: director and co-chief executive officer
  source text: On June 24, 2023, Jonathan Rowland informed the Board of Directors of the Registrant that he was resigning his positions as a director and as co-chief executive officer of the Registrant.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855168/000121390023052147/0001213900-23-052147-index.htm
- Material Agreements
  Williams Rowland Acquisition Corp. entered into Securities Purchase Agreement with Wrac, Ltd. valued at $300,000 (effective 2023-06-22).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Wrac, Ltd.
  - Value: $300,000
  - Effective: 2023-06-22
  source text: On June 22, 2023, Wrac, Ltd. a Guernsey Limited Liability Company (“ Seller ”), Williams Rowland Sponsor, LLC, a Delaware Limited Liability Company (“ Buyer ”), Jonathan Rowland and David B. Williams (each, a “ Party ” and, collectively, the “ Parties ”) entered into a Securities Purchase Agreement (the “ Agreement ”) pursuant to which Seller transferred 2,514,663 shares (the “ Founder Shares ”) of the common stock, par value $0.0001 per share (the “ Common Stock ”) of Williams Rowland Acquisition Corp. (the “ Registrant ”) and 5,550,000 warrants to purchase shares of Common Stock (the “ Warrants ” and, collectively with the Founder Shares, the “ Securities ”) constituting all of the securities of SPAC owned by the Seller or Jonathan Rowland for a payment of $300,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855168/000121390023052147/0001213900-23-052147-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.