Holicity Inc. announced that it has completed a private placement of 5,000,000 warrants at a price of $1.50 per warrant for a gross proceeds of $7,500,000 on August 7, 2020. The transaction included participation from Pendrell Holicity Holding Corporation. Each warrant is exercisable at a price of $11.50 to purchase one class A common share of the company. The company has granted an over-allotment option to purchase 550,000 warrants at a price of $1.50 each for a total gross proceeds of $8,250,000.