Omnichannel Acquisition Corp. announced that it has entered into a subscription agreement for a private placement of 8,042,500 class A common shares at an issue price of $10 per share for gross proceeds of $80,425,000 on July 19, 2021. The round will be led by Senator Investment Group LP and Hudson Structured Capital Management Ltd. and included participation from Gillson Capital, Park West Asset Management LLC, and other institutional investors including individual investors Joe Plumeri, Stephen Ross, Jeff Blau and Bruce Beal, Gary Vaynerchuk, Draymond Green, and Rory McIlroy.

The transaction has been approved by the board of directors and is subject to shareholders and regulatory approval. The transaction is expected to close in the fourth quarter of 2021.