TPG Pace Beneficial Finance Corp. announced that it will issue 6,000,000 pre-paid warrants at a price of $1.50 per warrant for gross proceeds of $9,000,000 on September 3, 2020. The transaction will include participation from returning investor TPG Pace IV Sponsor, Series LLC. Each warrant is exercisable to purchase one class A ordinary share at an exercise price of $11.50 per share. The warrants will be non-redeemable and exercisable on a cashless basis so long as they are held by the investor or its permitted transferees. If the over-allotment option is exercised in full in the concurrent initial public offering (IPO) transaction, the company will issue 6,700,000 pre-paid warrants for gross proceeds of $10,050,000 in the transaction. The warrants and class A ordinary shares issuable upon exercise of the warrants will not be transferable, assignable or salable until 30 days after the completion of its initial business combination. The company will issue securities pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.