CF Acquisition Corp. V (NasdaqCM:CFFV.U) announced that it has entered into a purchase agreement for a private placement of 600,000 units at $10 per unit for gross proceeds of $6,000,000 with Cfac Holdings V, Llc on January 8, 2021. Each unit consists of one class A common stock and one third of one redeemable warrant. Each warrant entitles the holder to purchase a common stock of the company at $11.50 per a common stock on the later of 30 days after the completion of our initial business combination or 12 months from the closing of this offering, and will expire five years after the completion of our initial business combination or earlier upon redemption or liquidation. The transaction will close simultaneously with closing of initial public offering.