Acri Capital Acquisition Corporation announced private placement of ?up to 5,240,000?? pre-paid warrants at a price of $1 per warrant for gross proceeds of $?5,240,000?? on June 9, 2022.

The company has entered into a warrants purchase agreement with the investor for the transaction. The transaction will involve participation from Acri Capital Sponsor LLC. Each private placement warrant is exercisable for one share of class A common stock at a price of $11.50 per share.

Once the warrants become exercisable, the company may redeem the outstanding warrants for cash. The transaction will close concurrently with closing of public offering. The private placement warrants are redeemable.

The warrants have 30 days lockup period after the completion of the transaction.??????? ???????????????????????????