Warburg Pincus Capital Corporation I-A (NYSE:WPCA.U) Novus Capital Corporation II (NYSE:NXU.U) announced a private placement of 4,666,666 warrants at a price of $1.50 per warrant $7,000,001 on January 13, 2021. The transaction will include participation from Warburg Pincus Capital Corporation I-A Sponsor, L.P. 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 7,750,000 if over-allotment option is exercised. The warrants are non-redeemable.