KnightSwan Acquisition Corporation announced that it has entered into a warrant purchase agreement for 11,750,000 warrants (or 13,100,000warrants if the underwriters' over- allotment option is exercised in full) at an issue price of $1 per warrant for gross proceeds of $11,750,000 (or $13,100,000 if the over- allotment option is exercised in full) on December 9, 2021. The transaction will include participation from existing investor Knightswan Sponsor LLC. Each warrant exercisable to purchase one share of its Class A common stock at $11.50 per share, subject to adjustments.

The warrants will become exercisable 30 days after the completion of our initial business combination provided that we have an effective registration statement under the Securities Act covering the issuance of the shares of Class A common stock issuable upon exercise of the warrants and a current prospectus relating to them is available and such shares of Class A common stock are registered, qualified or exempt from registration under the securities, or blue sky, laws of the state of residence of the holder. The warrants will expire five years after the completion of a business combination or earlier upon redemption or liquidation. The securities issued in the transaction are not transferable or salable until 30 days after the completion of our initial business combination.

the transaction that will close simultaneously with the closing of the initial public offering.