ION Acquisition Corp 2 Ltd. (NYSE:IACB.U) announced a private placement of 6,400,000 warrants at a price of $1 per warrant for the gross proceeds of $6,400,000 on February 10, 2021. The company has signed a Warrants Purchase Agreement with Ion Holdings 2, Lp. Each whole warrant entitles the holder to purchase one Ordinary Share at an exercise price of $11.50 per Ordinary Share. The company has granted over-allotment to underwriters to subscribe for 7,060,000 warrants for the gross proceeds of $7,060,000. The company will issue securities pursuant to exemption provided under Regulation D.