Aequi Acquisition Corp. announced a private placement of 5,333,333 warrants at a price of $1.50 per warrant for gross proceeds of $8,000,000 on October 6, 2020. Each private placement warrant is exercisable to purchase one share of Class A common stock at $11.50 per share. The transaction will include participation from Aequi Sponsor Llc. The company will issue 5,933,333 warrants for gross proceeds of $8,900,000 if the underwriters’ over-allotment option is exercised in full. The transaction will close simultaneously with the closing of the company's IPO.