Departure of Directors or Certain



On February 19, 2021, Kimon Angelides (“Mr.
Angelides”) resigned as a member of the Board of Directors (the “Board”) of Petra Acquisition, Inc. (the “Company”).
To fill the vacancy on the Audit Committee of the Board (the “Committee”) created by Mr. Angelides’ resignation,
the Board appointed Anthony Hayes, a current independent Board member, to serve as a member of the Committee.


Effective February 22, 2021, the corporate
governance and nominating committee recommended, and the board of directors approved, the appointment of William H. Carson to fill
the vacancy resulting from the resignation of Mr. Angelides. The Board determined that Mr. Carson qualifies as independent under
the director independence standards set forth in the rules and regulations of the Securities and Exchange Commission and applicable
NASDAQ listing standards.


There is no arrangement or understanding
between Mr. Carson and any other persons pursuant to which Mr. Carson was selected as a director, and there are no related party
transactions involving Mr. Carson that are reportable under Item 404(a) of Regulation S-K. Mr. Carson will receive ten thousand
(10,000) shares of the Company’s common stock from the Company’s Sponsor, Petra Investment Holdings, LLC, as compensation
for his service on the Board.


Below is a description of Mr. Carson’s professional
work experience.


William H. Carson

, 73, of
Texas, is a forty year management veteran in the prescription and OTC drug industries with broad exposure to product licensing,
new product R&D, manufacturing, Rx-to-OTC switches, company acquisition and new business entity development. He has held Leadership
roles at Novartis, Bayer, Galderma, in MTO (Plant Management, New Facility Construction, Compliance), Product Development and Regulatory
Affairs (NDA, ANDA, RX to OTC Switch, OTC Monographs), and LMA (Due Diligence, Organizational Review, Post Merger/Acquisition Integration). 


For the past 9 years, Carson has operated
his own consulting business taking on consulting assignments in: compliance, production, licensing and acquisition product development
and FDA/regulatory strategy. Carson started his career with Dorsey Laboratories Division, Sandoz Pharmaceuticals where he remained
employed from 1972-1994 ; he served in a variety of director roles such as Director of Regulatory Affairs, and Director of New
Products. He last served as Vice President of Scientific Affairs, managing the the FDA approval process for the switches of Tavist-1
and Tavist-D from Rx to OTC status. From 1994-1996, he served as Senior Vice President of OTC Products at Goldline Pharmaecuticals.
From 1996-2004 he was Vice President, Scientific Affairs with Bayer Consumer Care Division (NYSE: BAYRY). From 1996- 2004 he served
as Senior Vice-President, Medical &Regulatory Affairs at Galderma Laboratories, a skin health pharma company. There he built
departments to support a period of rapid sales growth, new product approvals and acquisitions. He also was the team leader for
the integration of two major acquisitions, Collagenix in the U.S. and Q-Med in Europe.  


Mr. Carson has a BS and MS from University
of Nebraska in Physiology and Biochemistry







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.


Dated: February 23, 2021









/s/ Andreas Typaldos



Andreas Typaldos



Chairman & Chief Executive Officer






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Other recent filings from the company include the following:

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