890 5th Avenue Partners, Inc. announced private placement of 702,500 units at a price of $10 per unit for gross proceeds of $7,025,000 on December 23, 2020. The company will issue 777,500 units if the underwriters’ over-allotment option is exercised in full. The transaction will include participation from existing investors 200 Park Avenue Partners, LLC for 594,076 units (657,500 units in case of over allotment), PA 2 Co-Investment LLC for 75,897 units (84,000 units in case of over allotment), Craig-Hallum Capital Group LLC and certain of its affiliates for 32,527 units (36,000 units in case of over allotment). Each unit consists of one class A common share and one-half of one redeemable warrant, with each whole warrant is exercisable at $11.50 per class A share, on the later of 30 days after the completion of initial business combination and 12 months from the closing of public offering, and will expire five years after the completion of initial business combination or earlier upon redemption or liquidation. The warrants are redeemable when the price of class A shares equals or exceeds $18 per share upon a minimum of 30 days’ prior written notice of redemption. The securities issued will not be transferable, assignable or salable until 30 days after the completion of initial business combination. The transaction will close simultaneously with the closing of public offering.