Item
8.01. Other Events.
As
previously reported on a Current Report on Form 8-K filed by Conyers Park III Acquisition Corp. (the “Company”) on August
12, 2021 (the “Form 8-K”), on August 12, 2021, the Company completed its initial public offering (the “IPO”)
of 35,000,000 units the (“Units”). Each Unit consists of one share of Class A common stock, par value $0.0001 per share (the
“Class A Common Stock”) and one-third of one redeemable warrant (each, a “Warrant”), each whole Warrant entitling
the holder thereof to purchase one share of Class A Common Stock at an exercise price of $11.50 per share, subject to adjustment, pursuant
to the Company’s registration statements on Form S-1 (File No. 333-257698). The Units were sold at an offering price of $10.00
per Unit, generating gross proceeds of $350,000,000.
On
August 20, 2021, the underwriters notified the Company of their exercise of the over-allotment option in part and, on August 24, 2021,
the underwriters purchased 700,000 additional Units (the “Additional Units”) at $10.00 per Additional Unit upon the closing
of the over-allotment option, generating additional gross proceeds of $7,000,000.
As
previously reported on the Form 8-K, on August 12, 2021, simultaneously with the consummation of the IPO, the Company consummated the
private placement (the “Private Placement”) of an aggregate of 6,666,667 warrants (“Private Placement Warrants”)
at a price of $1.50 per Private Placement Warrant, generating gross proceeds of $10,000,000. On August 20, 2021, simultaneously with
the sale of the Additional Units, the Company consummated the sale of an additional 93,333 Private Private Placement Warrants at $1.50
per additional Private Placement Warrant (the “Additional Private Warrants”), generating additional gross proceeds of $140,000.
The Private Placement Warrants are substantially similar to the Warrants, except as described on the Form 8-K.
A
total of $7,000,000 of the net proceeds from the sale of the Additional Units and the Additional Private Warrants was deposited in a
trust account established for the benefit of the Company’s public stockholders, with Continental Stock Transfer & Trust Company
acting as trustee, bringing the aggregate proceeds held in the Trust Account to $357,000,000.
An
audited balance sheet as of August 18, 2021 reflecting receipt of the net proceeds from the IPO and the Private Placement, but not the
net proceeds from the sale of the Additional Units, had been prepared by the Company and previously filed on a Current Report on Form
8-K filed on August 18, 2021. The Company’s unaudited pro forma balance sheet as of August 24, 2021 reflecting receipt of the net
proceeds from the sale of the Additional Units and the Additional Private Warrants is attached hereto as Exhibit 99.1.
A
copy of the press release issued by the Company announcing the partial exercise of the underwriters’ over-allotment option is attached
hereto as Exhibit 99.2 and incorporated by reference herein.