Northern Genesis Acquisition Corp. II announced private placement of 5,166,667 redeemable warrants at a price of $1.50 per warrant for gross proceeds of $7,750,000 with existing investor Northern Genesis Sponsor II LLC on December 23, 2020. The company will issue 5,766,667 warrants if the over-allotment option is exercised in full. Each warrant is exercisable at $11.50 per class A share on the later of 30 days after the completion of initial business combination, or 12 months from the closing of public offering. The transaction will close simultaneously with closing of public offering. The warrants will not be transferable, assignable or salable until 30 days after the consummation of initial business combination.