FTAC Zeus Acquisition Corp. announced a private placement of 1,400,000 units at a price of $10 per unit for gross proceeds of $14,000,000 on March 8, 2021. The transaction will include participation from Millennium Management LLC for 600,000 units and returning investor, FTAC Zeus Sponsor, LLC for 800,000 units. Each unit will consist of one class A common share and one-fourth of one warrant. Each warrant is exercisable to purchase one class A common share at a price of $11.50 per share, subject to adjustment. Each whole warrant will become exercisable on the later of 30 days after the completion of an initial business combination or 12 months from the closing and will expire on the fifth anniversary of completion of an initial business combination, or earlier upon redemption or liquidation. The warrants will not be redeemable as long as they are held by the investor or its permitted transferees. The units will not be transferable, assignable or salable until completion of initial business combination. The securities are being issued pursuant to Section 4(a)(2) or Regulation D of the Securities Act and will be exempt from registration requirements under the federal securities laws. On July 2, 2021, the company announced that the transaction will now include participation from FTAC Zeus Sponsor, LLC for the entire 1,400,000 units.