North Mountain Merger Corp. announced that it has entered into an agreement for a private placement of 3,800,000 warrants at a price of $1 per warrant with North Mountain LLC for gross proceeds of $3,800,000 on August 14, 2020. The company will grant an over-allotment option to purchase 345,000 warrants. Each warrant exercisable to purchase one share of our Class A common stock at $11.50 per share, at a price of $1.50 per warrant, in a private placement to occur concurrently with the closing of this offering. 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 redeemable for cash and exercisable on a cashless basis so long as the investor or its permitted transferees hold them. Once the warrants become exercisable after ninety days, the company may redeem the outstanding warrants subject to conditions. The securities are subject to a hold period.