KKR Acquisition Holdings I Corp. (NYSE:KAHC.U) announced a private placement of 15,333,333 share purchase warrants at a price of $1.50 per warrant for proceeds of $23,000,000 on February 4, 2021. The transaction will include participation from returning investor KKR Acquisition Sponsor I LLC. Each whole warrant entitles the holder thereof to purchase one class A share at an exercise price of $11.50. The company has granted over-allotment option to the underwriters as part of the transaction. The company will issue additional 2,000,000 warrants for $3,000,000 if over-allotment option is exercised. The warrants are non-redeemable.