Kadem Sustainable Impact Corporation (NasdaqCM: KSIC.U) announced that it has entered into an agreement of a private placement of 4,875,000 warrants at an issue price of $1 per warrant for gross proceeds of $4,875,000 on March 16, 2021. The transaction included participation from Kadem Management, LLC. The warrants are non-redeemable. Each warrant entitles the holder to purchase one additional common share at an exercise price of $11.5 per share. The securities to be issued have a hold period of 30 days. The company will issue additional 5,400,000 warrants for $5,400,000 if over-allotment option is exercised. The warrants are non-redeemable.