Queen's Gambit Growth Capital announced a private placement of 6,500,000 warrants at a price of $1 each for gross proceeds of $6,500,000 on December 29, 2020. The transaction will include participation from returning investor Queen's Gambit Holdings Llc. The company has granted an over allotment option to the underwriter for 650,000 warrants. Each warrant will be exercisable to purchase one class A ordinary share at $11.50 per share. The warrants will be subject to transfer restrictions and will be non-redeemable in nature.