Simon Property Group Acquisition Holdings, Inc. announced that it has entered into a purchase agreement with Spg Sponsor, Llc for a private placement of 5,333,333 warrants at an issue price of $1.50 per warrant for gross proceeds of $8,000,000 on January 29, 2021. The warrants will entitle the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, exercisable from the later of the date that is 30 days after the first date on which the company completes a business combination, and the date that is 12 months from the date of the closing of the transaction. The warrants are subject to a lock-up period of 1 year after the completion of our initial business combination. The underwriters have been granted an over-allotment option to issue up to 5,933,333 warrants at a price of $1 per warrants for gross proceeds of $8,900,000 in the transaction. The transaction will close along with the IPO.