Vy Global Growth announced a private placement of 8,000,000 warrants at a price of? $1.50 per warrant for gross proceeds of $12,000,000 on September 15, 2020. Each whole warrant will entitle the holder to purchase one class A ordinary share at $11.50 per share. The transaction will include participation from Vy Global Growth Management Co. The company has granted an underwriters’ over-allotment option which if exercised in full, the company will issue a total of 9,000,000 warrants for gross proceeds of $13,500,000 in the transaction. The transaction will close simultaneously with the closing of the IPO.