Thimble Point Acquisition Corp. (NasdaqCM:THMA.U) announced a private placement of an aggregate of 6,000,000 warrants at a price of $1 per warrant for gross proceeds of $6,000,000 on January 14, 2021. Each private placement warrant entitles the holder thereof to purchase one share of our Class A common stock at $11.50 per share. The warrants will become exercisable on the later of 30 days after the completion of our initial business combination and 12 months from the closing of the public offering, and will expire five years after the completion of our initial business combination or earlier upon redemption or liquidation. The transaction will include participation from Lj10 Llc. The company will issue 6,600,000 warrants if the underwriters’ option to purchase additional units is exercised in full. The warrants will not be transferable, assignable or salable until 30 days after the completion of the company's initial business combination.