Stable Road Acquisition Corp. announced that it has entered into unit subscription agreements with investors to issue 500,000 units at a price of $10 per unit for gross proceeds of $5,000,000 on November 7, 2019. The transaction will include participation from Src-Ni Holdings Llc for 454,128 units, and Cantor Fitzgerald & Co. for 45,872 units. Each unit consists of one class A common share, and one half of one warrant of the company. Each whole warrant entitles the holder to purchase one common share at an exercise price of $11.50 per share during the period commencing on the later of 12 months from the date of the closing of the company’s initial public offering of units and 30 days following the consummation of the company’s initial business combination. The warrants expire on the fifth anniversary of the consummation of the business combination. The company will issue securities pursuant to exemption provided under Regulation D. All securities to be issued shall not be transferred for a period of 30 das from the consummation of the business combination.