BlueRiver Acquisition Corp. announced that it has entered into a warrants purchase agreement for a private placement of 725,000 warrants at a price of $10.00 per warrant with BlueRiver Ventures, LLC for gross proceeds of $7,250,000 on January 12, 2021. The company will grant an over-allotment option to purchase 800,000 warrants. Each warrant exercisable to purchase one share of its Class A common stock at $11.50 per share, at a price of $1 per warrant, in a private placement to occur concurrently with the closing of this offering. The warrants will expire five years after the completion of a business combination or earlier upon redemption or liquidation. The private placement warrants will be non-redeemable. Once the warrants become exercisable, the company may redeem the outstanding warrants subject to conditions. The securities are subject to a hold period.