Tailwind Two Acquisition Corp. (NYSE:TWNT.U) announced private placement of 6,466,666 pre-paid warrants at a price of $1.50 per warrant for gross proceeds of $9,699,999 on February 17, 2021. The company has entered into warrant purchase agreement with the investor. The transaction involves participation from Tailwind Two Sponsor LLC. Each private placement warrant is exercisable for one share of class A common stock at a price of $11.50 per share. Once the warrants become exercisable, the company may redeem the outstanding warrants for cash. The transaction will close concurrently with closing of public offering.