GX Acquisition Corp. II (NasdaqCM:GXII.U) announced that it has entered into an agreement for a private placement of 5,666,667 pre-paid warrants at a price of $1.5 per warrant for gross proceeds of $8,500,001 with existing investor, Gx Sponsor Ii Llc on February 22, 2021. Each warrant is exercisable at $11.5 per class A share, subject to adjustments. The transaction will close concurrently with public offering. The private placement warrants will be non-redeemable. The warrants will not be transferable, assignable or salable until 30 days after the completion of our initial business combination.