InterPrivate IV InfraTech Partners Inc. (NasdaqCM:IPVI.U) announced a private placement of 4,333,333 warrants at a price of $1.50 per warrant $6,500,000 on January 26, 2021. The transaction will include participation from InterPrivate Acquisition Management IV, LLC. Each warrant entitles the holder to purchase one additional common share at an exercise price of $11.50. 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 a total of 4,833,333 warrants for $7,250,000 if over-allotment option is exercised. The warrants are non-redeemable.