Roman DBDR Tech Acquisition Corp. announced that it has entered into warrant purchase agreement to issue 10,375,000 warrants at issue price of $1 per warrant for an aggregate gross proceeds of $10,375,000 on November 5, 2020. The transaction includes participation from Roman Dbdr Tech Sponsor Llc. The company will issue an additional 11,695,000 warrants in an over-allotment option if the underwriters option is exercised in full. The warrants can be exercise to purchase one common share of class A of the company at an exercise price of $11.50 per share. The warrants can be exercisable on the later of the date that is 30 days after the first date on which the company completes the business combination or 12 months from the date of closing of the transaction. The warrants can be redeemable at the option of the company. The company did not pay any underwriting discounts or commissions in respect to the transaction. The transaction is expected to close on November 10, 2020. The warrants to be issued in the transaction shall have a lock up period of 30 days from the closing of the transaction.