As previously reported on the Current Report on Form 8-K dated August 5, 2021, on July 30, 2021, Mercury Ecommerce Acquisition Corp. (the
“Company”) consummated an initial public offering (the “IPO”) of 17,500,000 units (the “Units”). Each Unit consists of one share of Class A commons stock, $0.0001 par value per share (the “Class A Shares”), and one-half of one redeemable warrant
(the “Public Warrants”), each whole Public Warrant entitling the holder thereof to purchase one Class A Share at an exercise price of $11.50 per share. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of
$175,000,000. Substantially concurrently with the closing of the IPO, the Company completed the private sale (the “Private Placement”) of 7,850,000 warrants (the “Private Placement Warrants”) to the Company’s sponsor, Mercury Sponsor Group I LLC,
at a purchase price of $1.00 per Private Placement Warrant, generating gross proceeds to the Company of $7,850,000. The initial net proceeds from the IPO together with certain of the proceeds from the Private Placement, $176,500,000 in the
aggregate (the “Offering Proceeds”), were placed in a trust account established for the benefit of the Company’s public shareholders and the underwriters of the IPO with Continental Stock Transfer & Trust Company acting as trustee.
In connection with the IPO, the underwriters were granted an option to purchase up to 2,625,000 additional Units to cover over-allotments,
if any (the “Over-allotment Option”). On August 18, 2021, the underwriters partially exercised the Over-allotment Option and, on August 20, 2021, the underwriters purchased 541,500 Units (the “Option Units”) generating gross proceeds of $5,415,000,
and net proceeds to the Company of approximately $5,306,700 in the aggregate after deducting the underwriter discount (the “Option Unit Proceeds”). Simultaneously with the issuance and sale of the Option Units, the Company consummated the private
placement with the Sponsor of an aggregate of 162,450 Private Placement Warrants at a price of $1.00 per Private Placement Warrant (the “Additional Private Placement Warrants”), generating total proceeds of $162,450 (the “Additional Private
Placement Proceeds” and, together with the Option Unit Proceeds, the “Additional Proceeds”).
A total of $5,469,150 of the Additional Proceeds were placed in a U.S.-based trust account with Continental Stock Transfer & Trust
Company acting as trustee, established for the benefit of the Company’s public shareholders.
An audited balance sheet as of July 30, 2021 reflecting receipt of the Offering Proceeds on July 30, 2021, has been issued by the Company
and was included as Exhibit 99.1 to the Company’s Current Report on Form 8-K dated August 5, 2021.
The Company’s unaudited pro forma balance sheet as of August 20, 2021, reflecting receipt of the Additional Proceeds from the sale of the
Option Units and the Additional Private Placement Warrants on the same day, is included as Exhibit 99.1 to this Current Report on Form 8-K