TB SA Acquisition Corp (NasdaqCM:TBSA.U) announced a private placement of 5,000,000 warrants at a price of $1.50 per warrant for gross proceeds of $7,500,000 on February 12, 2021. The transaction will include participation from returning investor TCP SA, LLC. Each warrant is exercisable to purchase one class A ordinary share at $11.50 per share. The company will issue 5,500,000 warrants if the underwriter’s over-allotment option is exercised in full. The closing of the transaction will occur concurrently with the closing of the IPO of the company which is expected to close on March 25, 2021.