Filing Overview
This Form 8-K was filed by Altimar Acquisition Corporation, not Blue Owl Capital Inc., on December 11, 2020, covering an event occurring on the same date. The filing reports the planned separate trading of the securities underlying the company’s units.
Business Context and Reporting Period
Altimar Acquisition Corporation was a Cayman Islands special purpose acquisition company. Each unit consisted of one Class A ordinary share and one-third of one redeemable warrant. Beginning December 14, 2020, holders could elect to separate and trade the shares and warrants independently.
Key Financial Metrics
The filing does not provide revenue, earnings, cash flow, margin, debt, liquidity, valuation, or other operating financial metrics. It is an event-based disclosure concerning securities trading arrangements.
Material Changes and Transaction Details
- Units not separated would continue trading on the New York Stock Exchange under the symbol ATAC.U.
- Separated Class A ordinary shares would trade under ATAC.
- Separated redeemable warrants would trade under ATAC WS.
- Each whole warrant was exercisable for one Class A ordinary share at an exercise price of $11.50.
- No fractional warrants would be issued upon separation; only whole warrants would trade.
- Holders were required to have their brokers contact Continental Stock Transfer & Trust Company, the transfer agent, to separate units.
Guidance, Risks, and Unusual Items
The filing provides no financial guidance or management outlook. The principal operational consideration is the administrative process required to separate units and the limitation that fractional warrants would not be issued. The filing does not disclose contingencies, litigation, debt changes, or other unusual financial items.
Investor Verification Points
- Verify that the filing relates to Altimar Acquisition Corporation rather than Blue Owl Capital Inc.
- Confirm the December 14, 2020 commencement date for separate trading.
- Review the applicable ticker symbols: ATAC.U, ATAC, and ATAC WS.
- Confirm the warrant terms, including the $11.50 exercise price and whole-warrant requirement.
- Review Exhibit 99.1, the December 11, 2020 press release, for the company’s detailed announcement.