Medicus Sciences Acquisition Corp. (NasdaqCM:MSAC.U) announced that it has entered into a warrants purchase agreement for a private placement of 4,755,556 warrants at a price of $0.90 per warrant for gross proceeds of $4,280,000 on December 23, 2020. The transaction will include participation from Maxim Group, LLC for 1,200,000 warrants and Medicus Sciences Holdings LLC for 3,555,556 warrants. The company will grant an over-allotment option to purchase 266,666 warrants. Each warrant exercisable to purchase one share of its Class A common stock at $11.50 per share. The warrants will expire five years after the completion of a business combination or earlier upon redemption or liquidation. The private placement warrants will be non-redeemable. Once the warrants become exercisable, the company may redeem the outstanding warrants subject to conditions. The units are subject to a hold period of 30 days.