VectoIQ Acquisition Corp. II announced that it has entered into a subscription agreement for a private placement of 900,000 units at a price of $10 per unit with VectoIQ Holdings II, LLC for gross proceeds of $9,000,000 on December 18, 2020. Each unit consists of one share of class A common stock and one-third of one warrant. Each warrant exercisable to purchase one share of its Class A common stock at $11.50 per share, in a private placement to occur concurrently with the closing of this offering. The warrants will expire five years after the completion of a business combination or earlier upon redemption or liquidation. The private placement warrants will be non-redeemable. Once the warrants become exercisable, the company may redeem the outstanding warrants subject to conditions. The securities are subject to a hold period for 30 days.