ARYA Sciences Acquisition Corp III announced private placement of 450,000 class A common shares at a price of $10 per share for gross proceeds of $4,500,000 on July 21, 2020. The investor will acquire 2.8% stake in the company. The company may issue 487,500 shares in total if the underwriters’ over-allotment option is exercised in full. The transaction will close simultaneously with closing of public offering. The investor cannot transfer the shares until 30 days after the completion of initial business combination.