secwatch.observer — SEC 8-K summary
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Issuer:     Williams Rowland Acquisition Corp. (—)
CIK:        0001855168
Form:       8-K
Filed at:   2023-06-27T23:59:59+00:00
Accession:  0001213900-23-052147
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855168/000121390023052147/0001213900-23-052147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855168/000121390023052147/ea181028-8k_williamsro.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-052147

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