MSD Acquisition Corp. announced a private placement of 8,333,333 warrants at a price of $1.50 per warrant for gross proceeds of $12,500,000 on February 19, 2021. The transaction will include participation from Msd Sponsor Holdings, Llc. Each warrant is exercisable to purchase one class A ordinary share at $11.50 per share. The company has granted over-allotment option to the underwriters as part of the transaction. The company will issue additional 1,000,000 warrants for proceeds of $1,500,000 if over-allotment option is exercised. The warrants are non-redeemable. The warrants (including the class A ordinary shares issuable upon exercise of the private placement warrants) will not be transferable, assignable or salable until 30 days after the completion of the company's initial business combination.