Ivanhoe Capital Acquisition Corp. announced that it has entered into a private placement warrants purchase agreement with Ivanhoe Capital Sponsor LLC to issue 4,000,000 warrants at a price of $1.50 per warrants for gross proceeds of $6,000,000 on December 30, 2020. Each warrant is exercisable to purchase one class A ordinary share at $11.50 per share. The company will issue 4,400,000 warrants for gross proceeds of $6,600,000 if the underwriters’ overallotment option is exercised in full. The transaction is expected to close simultaneously with the initial public offering.