Bright Lights Acquisition Corp. announced that it has signed a subscription agreement for the private placement of 6,000,000 warrants or 6,600,000 warrants if the underwriters’ over- allotment option is exercised in full at a price of $1 per share for gross proceeds of $6,000,000 on December 18, 2020. The transaction included participation from existing investor Bright Lights Sponsor LLC. Each warrant is exercisable to purchase one share of Class A common stock at $11.50 per share. The warrants will become exercisable on the later of 30 days after the completion of initial business combination or 12 months from the closing of this offering and will expire five years after the completion of initial business combination or earlier upon redemption or liquidation. The securities to be issued are subject to a hold period of 12 months from the date of issuance.