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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): August 1, 2022

 

INDUSTRIAL HUMAN CAPITAL, INC.
(Exact name of registrant as specified in its charter)

 

Delaware   86-2127945
(State of incorporation or organization)   (I.R.S. Employer Identification No.)
     
501 Brickell Key Drive, Suite 300, Miami, FL   33131
(Address of principal executive offices)   (Zip Code)

 

(888) 798-9100

(Registrant's telephone number, including area code)

 

Commission File No. 001-40934

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered under Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on
which registered
Common Stock, par value $0.0001 per share   AXH   The New York Stock Exchange
Warrants   AXHW   The New York Stock Exchange
Units   AXHU   The New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

On August 1, 2022, Industrial Human Capital, Inc. (the “Company”) and the Company’s sponsor, ShiftPixy Investments, Inc. (“Sponsor”) formalized the terms of a Working Capital Loan Agreement (“Agreement”) whereby the Sponsor agrees to provide capital in the form of a line of credit to the Company in order for the Company to fund fees and expenses related to its efforts to complete an intended Initial Business Combination. Funds extended pursuant to the Agreement shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at the rate of 5.75% per annum.

 

The foregoing description is qualified in its entirely by reference to full text of the applicable Agreement, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

No.   Description
10.1   Working Capital Loan Agreement

 

 

 

 

 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 thereunto duly authorized.

 

  INDUSTRIAL HUMAN CAPITAL, INC.
     
Date: August 3, 2022 By: /s/ Scott W. Absher
    Scott W. Absher
    Chief Executive Officer

 

 

 

 

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