TWC Tech Holdings II Corp. announced that it has entered into certain forward purchase agreements for a private placement 10,000,000 class A common stock at $10.00 per share for gross proceeds of $100,000,000 and 8,666,667 warrants at a price of $1.50 per warrant for gross proceeds of $13,000,000.5 for total proceeds of $113,000,000.5 on September 10, 2020. The transaction will include participation from several institutional accredited investors including TWC Tech Holdings II, LLC for warrants. Each warrant will entitle the holder to purchase one common share at $11.5 per share. The transaction will close concurrently with the closing of the company’s initial business combination.