Business Context and Reporting Period
This Form 8-K is a current report filed by Petra Acquisition, Inc. (not Revelation Biosciences, Inc.) on February 23, 2021, regarding events occurring on February 19, 2021. The registrant is a Delaware corporation and an emerging growth company with securities trading on The Nasdaq Stock Market LLC under symbols PAICU, PAIC, and PAICW.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes and does not contain financial performance data.
Material Changes
- Board Resignation: Kimon Angelides resigned as a member of the Board of Directors on February 19, 2021.
- Committee Appointment: Anthony Hayes, a current independent Board member, was appointed to fill the vacancy on the Audit Committee.
- New Director Appointment: William H. Carson was appointed to fill the vacancy on the Board of Directors effective February 22, 2021. The Board determined Mr. Carson qualifies as independent under SEC and NASDAQ standards.
- Compensation: Mr. Carson will receive 10,000 shares of the Company's common stock from the Sponsor, Petra Investment Holdings, LLC, as compensation for his service.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, or management commentary regarding future financial performance. No risks, contingencies, or unusual items were disclosed in this specific report. The document confirms there are no related party transactions involving Mr. Carson reportable under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the correct registrant name is Petra Acquisition, Inc., as the input metadata referenced Revelation Biosciences, Inc.
- Confirm the independence status of the new director, William H. Carson, per NASDAQ listing standards.
- Review the impact of the 10,000 share issuance to Mr. Carson on total outstanding shares and dilution.
- Assess the composition of the Audit Committee following the appointment of Anthony Hayes.