VPC Impact Acquisition Holdings II (NasdaqCM:VPCB.U) announced a private placement of 4,716,667 warrants at a price of $1.50 per warrant $7,075,001 on January 21, 2021. The transaction will include participation from VPC Impact Acquisition Holdings Sponsor II, LLC. Each warrant entitles the holder to purchase one additional common share at an exercise price of $11.50. The securities to be issued have a hold period of 30 days. The company has granted over-allotment option to the underwriters  as part of the transaction. The company will issue additional 5,166,667 warrants for $7,750,000if over-allotment option is exercised. The warrants are non-redeemable.