BOA Acquisition Corp. (NYSE:BOAS.U) announced a private placement of 5,250,000 warrants at a price of $1 per warrant for gross proceeds of $5,250,000 on January 8, 2021. The transaction will include participation from Bet On America Llc. Each warrant entitles the holder to purchase one additional class A common share at an exercise price of $11.50 per share. The warrants are non-redeemable. The securities to be issued in the transaction have a hold period of 30 days. The company has granted over-allotment option to the underwriters as part of the transaction. The company will issue additional 525,000 warrants for $525,000 if over-allotment option is exercised.