Gores Metropoulos II, Inc. announced private placement of 5,500,000 warrants at a price of $2 per warrant for gross proceeds of $10,000,000 with existing investor Gores Metropoulos Sponsor II, LLC on December 23, 2020. The company will issue 5,600,000 redeemable warrants if the underwriter’s over-allotment option is exercised in full. Each warrant is exercisable at $11.50 per class A share, subject to adjustment, on the later of 30 days after the completion of initial business combination and 12 months from the closing of public offering, and will expire 5 years after the completion of initial business combination or earlier upon redemption or liquidation. The warrants will not be transferable, assignable or salable until 30 days after the completion of initial business combination. The transaction is expected to close simultaneously with public offering.