Altimar Acquisition Corp. II (NYSE:ATMR.U) announced that it has entered into a purchase agreement with the investor for a private placement of 9,000,000 warrants at a price of $1 per warrant for gross proceeds of $9,000,000 on January 20, 2021. Each warrant is exercisable to purchase one Class A ordinary share at $11.50 per share. The company will issue 9,900,000 warrants if the underwriters’ over-allotment option is exercised in full. The transaction is expected to close concurrently with the closing of the public offering. The transaction will include participation from Altimar Sponsor II, LLC. The warrants are non-redeemable in nature. The warrants will not be transferable, assignable or salable until 30 days after the completion of our initial business combination. A warrant may be exercised only during the period (A) commencing on the later of (i) the date that is 30 days after the first date on which the company completes a business combination and (ii) the date that is 12 months from the date of the closing of the public offering, and (B) terminating at the earliest to occur of (x) 5:00 p.m., New York City time, on the date that is five years after the date on which the company completes its initial business combination, (y) the liquidation of the company in accordance with the company’s amended and restated memorandum and articles of association (as amended, supplemented or otherwise modified from time to time, and (z) other than with respect to the private placement warrants and the working capital warrants then held by the investor or its permitted transferees, 5:00 p.m., New York city time.