Levere Holdings Corp. (NasdaqCM:LVRA.U) announced a private placement of 7,000,000 warrants at a price of $1 per warrant $7,000,000 on January 29, 2021. The transaction will include participation from Levere Holding GG Ltd. Each warrant entitles the holder to purchase one additional common share at an exercise price of $11.50. The securities to be issued have a hold period of 30 days. The company has granted over-allotment option to the underwriters  as part of the transaction. The company will issue additional 7,750,000 warrants for $7,750,000 if over-allotment option is exercised. The warrants are non-redeemable.