GS Acquisition Holdings Corp II announced a private placement of up to 10,666,667 warrants for $1.5 per warrant for a gross proceeds of $16,000,000 on June 11, 2020. The transaction will include participation from returning investor GS Sponsor II LLC. The transaction also include an oversubscription of 1,400,000 warrant for $1.5 per warrant for an additional gross proceeds of $2,100,000 in the aggregate if the underwriters’ option to purchase additional units is exercised in full. Each warrant entitles the holder thereof to purchase one share of Class A common stock at $11.50 per share, subject to adjustment and will not be redeemable. The transaction will close simultaneously with the closing of public offering. The warrant is exercisable to the later of 30 days after the completion of initial business combination and 12 months from the closing of the offering. The subscription will be made pursuant to a private pro rata rights offering that will expire prior to the closing of initial public offering. The warrants will have a lock up until 30 days after the completion of a Business Combination transaction.