# EDGAR Filing Document

**Accession Number:** 0001829999
**File Stem:** 0001493152-23-001906
**Filing Date:** 2023-1
**Character Count:** 13705
**Document Hash:** 07ef5b81b79b1620ffa1f6578d10ba91
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-001906.hdr.sgml**: 20230119

**ACCESSION NUMBER**: 0001493152-23-001906

**CONFORMED SUBMISSION TYPE**: 425

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230119

**DATE AS OF CHANGE**: 20230119

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FoxWayne Enterprises Acquisition Corp.
- **CENTRAL INDEX KEY:** 0001829999
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 853093926
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 425
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39891
- **FILM NUMBER:** 23537608

**BUSINESS ADDRESS:**
- **STREET 1:** 1 ROCKEFELLER PLAZA
- **STREET 2:** SUITE 1039
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10020
- **BUSINESS PHONE:** 917-284-8938

**MAIL ADDRESS:**
- **STREET 1:** 1 ROCKEFELLER PLAZA
- **STREET 2:** SUITE 1039
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10020
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FoxWayne Enterprises Acquisition Corp.
- **CENTRAL INDEX KEY:** 0001829999
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 853093926
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 425

**BUSINESS ADDRESS:**
- **STREET 1:** 1 ROCKEFELLER PLAZA
- **STREET 2:** SUITE 1039
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10020
- **BUSINESS PHONE:** 917-284-8938

**MAIL ADDRESS:**
- **STREET 1:** 1 ROCKEFELLER PLAZA
- **STREET 2:** SUITE 1039
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10020

**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): **January 12, 2023**

**FOXWAYNE ENTERPRISES ACQUISITION CORP.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-39891** | **85-3093926** |
| (State or other jurisdiction | (Commission | (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |

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| |
|:---|
| **1 Rockefeller Plaza, Suite 1039**<br> **New York, New York 10020** |
| (Address of principal executive offices, including zip code) |

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Registrant's telephone number, including area code: **(917) 284-8938**

**Not Applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☒ 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 pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Units, each consisting of one share of Class A Common Stock and one Redeemable Warrant to purchase one share of Class A common stock | FOXWU | The Nasdaq Stock Market LLC |
| Class A Common Stock, par value $0.0001 per share | FOXW | The Nasdaq Stock Market LLC |
| Redeemable Warrants, each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share | FOXWW | The Nasdaq Stock Market LLC |

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

Emerging growth company ☒

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 1.02. Termination of Material Definitive Agreement**

As previously disclosed, on September 16, 2022, FoxWayne Enterprises Acquisition Corp., a Delaware corporation ("<u>FoxWayne</u>"), entered into an Agreement and Plan of Merger ("<u>Merger Agreement</u>"), by and among FoxWayne, Gotham Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of FoxWayne ("<u>Merger Sub</u>"), Clover Inc., a corporation organized under the laws of Ontario ("<u>Clover</u>"), and the stockholders' representative.

On January 12, 2023, by mutual agreement, the parties entered into a letter agreement to terminate the Merger Agreement pursuant to Section 9.1(a) thereof. Except as otherwise set forth in the Merger Agreement, none of parties shall have any further liability thereunder.

Upon termination of the Merger Agreement, the Stockholder Support Agreement (as defined in the Merger Agreement), the Sponsor Support Agreement (as defined in the Merger Agreement) and the Parent Support Agreement (as defined in the Merger Agreement) terminated pursuant to their terms.

The foregoing summary of the letter agreement is qualified in its entirety by the text of the letter agreement, a copy of which is attached as Exhibit 10.1 hereto and is incorporated herein by reference. The foregoing descriptions of the Merger Agreement, the Stockholder Support Agreement, the Sponsor Support Agreement and the Parent Support Agreement are qualified in their entirety by reference to the full text of the Merger Agreement, the form of Stockholder Support Agreement, the form of Sponsor Support Agreement and the form of Parent Support Agreement, copies of which were filed as Exhibit 2.1, Exhibit 10.1, Exhibit 10.2 and Exhibit 10.3, respectively, to the Current Report on Form 8-K filed by FoxWayne on September 20, 2022, which are incorporated herein by reference.

***Forward Looking Statements***

Certain statements made herein are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements are based on the opinions and estimates of management of FoxWayne, as of the date such statements are made, and they are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the occurrence of any event, change or other circumstances that could give rise to a delay in or the failure to close a future potential business combination, the amount of redemptions, the ability to retain key personnel and the ability to achieve stockholder and regulatory approvals, industry trends, legislation or regulatory requirements and developments in the global economy as well as the public health crisis related to the coronavirus (COVID-19) pandemic and resulting significant negative effects to the global economy and significant volatility and disruption of financial markets, increased operating costs and the impact of government shutdowns. Additional information on these and other factors that may cause actual results and FoxWayne's performance to differ materially is included in FoxWayne's periodic reports ﬁled with the SEC. Copies of FoxWayne's filings with the SEC are available publicly on the SEC's website at www.sec.gov or may be obtained by contacting FoxWayne. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. These forward-looking statements are made only as of the date hereof, and FoxWayne undertakes no obligations to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

**Item 9.01.** **Financial Statements and Exhibits.**

(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit No.** | **Exhibit** |
| 10.1 | [Letter Agreement, dated as of January 12, 2023, by and among FoxWayne, Merger Sub, Clover and the Stockholders' Representative](ex10-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the XBRL document) |

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**SIGNATURE**

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 hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **FoxWayne Enterprises Acquisition Corp.** | **FoxWayne Enterprises Acquisition Corp.** |
| Date: January 19, 2023 | By: | */s/ Robb Knie* |
|  | Name: | Robb Knie |
|  | Title: | Chief Executive Officer |

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## Exhibit 10.1

**Exhibit 10.1**

FoxWayne Enterprises Acquisition Corp.<br> 1 Rockefeller Plaza, Suite 1039<br> New York, New York 10020

January 12, 2023

Clover Inc.

1725 Avenue Road, PO Box 70059

Toronto, ON M5M 0A0 Canada

Attention: Isaac Raichyk

Dear Mr. Raichyk:

Reference is made to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 16, 2022, by and among FoxWayne Enterprises Acquisition Corp., a Delaware corporation ("FoxWayne"), Gotham Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of FoxWayne, Clover Inc., a corporation organized under the laws of Ontario ("Clover"), and the stockholders' representative (each a "Party" and collectively, the "Parties"). Capitalized terms not otherwise defined herein shall have the respective meanings ascribed to them in the Merger Agreement.

For good and valuable consideration, the receipt of which is hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows:

1. By
 signing this letter agreement, each Party hereby agrees to terminate the Merger Agreement in accordance with the terms and conditions
 of Section 9.1(a) of the Merger Agreement with effect immediately prior to the filing of the Form 8-K by FoxWayne with the Securities
 and Exchange Commission announcing the mutual termination of the Merger Agreement.

2. The
 Parties acknowledge and agree that, following the termination of the Merger Agreement pursuant to Section 1 of this letter agreement,
 no Party or any of its Affiliates, officers, directors, employees or stockholders shall have any liability, rights or obligations
 under the Merger Agreement, except as otherwise set forth in Section 9.2 of the Merger Agreement.

3. Further
 to Section 7.6 of the Merger Agreement, each of the Parties hereby agrees not to, and to cause its Affiliates and Representatives
 not to, issue any press releases or make any public announcements with respect to the termination of the Merger Agreement or the
 impetus or rationale therefor without the prior written consent of the other Parties; <u>provided</u>, <u>however</u>, that each
 Party may make any such announcement or other communication (a) if such announcement or other communication is required by applicable
 Law or the rules of any stock exchange, in which case the disclosing Party shall, to the extent permitted by applicable Law, first
 allow the non-disclosing Party to review such announcement or communication and provide an opportunity to comment thereon and the
 disclosing Party shall consider such comments in good faith, and (b) to the extent such announcements or other communications contain
 only information previously disclosed in a public statement, press release or other communication previously approved in accordance
 with this Section 3. The Parties shall use their respective reasonable best efforts to ensure that any information that is disclosed
 under this Section 3 of this letter agreement is accurate, complete and not misleading.

4. For
 purposes of this letter agreement, the provisions of Article X of the Merger Agreement (other than Sections 10.5, 10.21 and 10.23)
 are incorporated herein by reference and shall apply to this letter agreement *mutatis mutandis*.

5. This
 letter agreement, together with the Merger Agreement, constitutes the entire agreement among the Parties hereto with respect to the
 subject matter hereof and supersedes any prior understandings, agreements or representations by or among the Parties, written or
 oral, that may have related in any way to the subject matter hereof.

\* \* \* \* \*

IN WITNESS WHEREOF, the undersigned have executed this letter agreement as of the day and year first above written.

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| | |
|:---|:---|
| FOXWAYNE ENTERPRISES ACQUISITION CORP. | FOXWAYNE ENTERPRISES ACQUISITION CORP. |
| By: | */s/ Robb Knie* |
| Name: | Robb Knie |
| Title: | Chief Executive Officer |
| GOTHAM MERGER SUB, INC. | GOTHAM MERGER SUB, INC. |
| By: | */s/ Robb Knie* |
| Name: | Robb Knie |
| Title: | Chief Executive Officer |
| CLOVER INC. | CLOVER INC. |
| By: | */s/ Isaac Raichyk* |
| Name: | Isaac Raichyk |
| Title: | Chief Executive Officer |

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| |
|:---|
| */s/ Isaac Raichyk* |
| ISAAC RAICHYK, as Stockholders Representative |

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[*Signature Page to Letter Agreement*]