Fortress Value Acquisition Corp. IV (NYSE:FVIV.U) announced a private placement of 7,500,000 warrants at a price of $2 per warrant for gross proceeds of $15,000,000 on March 15, 2021. The transaction will include participation from Fortress Value Acquisition Sponsor IV LLC. Each warrant entitles the holder to purchase one additional common share at an exercise price of $10 per share. 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 8,400,000 warrants for $16,800,000 if over-allotment option is exercised. The warrants are non-redeemable.