Hudson Executive Investment Corp. III (NasdaqCM:HIII.U) announced a private placement of 8,000,000 private placement warrants at a price of $1.50 per warrant for gross proceeds of $12,000,000 on February 4, 2021. Each exercisable to purchase one share of Class A common stock at $11.50 per share. The transaction will close simultaneously with the closing of the public offering. The company will issue 9,000,000, warrants if the underwriters’ over-allotment option is exercised in full. The transaction will include participation from HEC Sponsor III LLC. The private placement warrants will be non-redeemable in nature. The warrants will not be transferable, assignable or salable until 30 days after the completion of our initial business combination. The warrants will expire after 24 months from the date of closing.