Trajectory Alpha Acquisition Corp. announced a private placement of 3,333,333 warrants at a price of $1.50 per warrant for gross proceeds of $5,000,000 on March 8, 2021. The transaction will include participation from returning investor Trajectory Alpha Sponsor Llc. The warrants are redeemable. Each private placement warrant entitles the holder thereof to purchase one share of our Class A common stock at $11.50 per share, subject to adjustment. The warrants will become exercisable on the later of 30 days after the completion of the company's initial business combination and 12 months from the closing of this transaction, and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation. The company will issue 3,633,333 warrants in the transaction if the underwriters’ option to purchase additional units is exercised in full. The transaction will close simultaneously with the closing of the IPO of the company.