Poema Global Holdings Corp. announced a private placement of 7,500,000 warrants at a price of $1 per warrant for gross proceeds of $7,500,000 on December 18, 2020. The transaction will include participation from returning investor Poema Global Partners LLC.

The company will issue 8,250,000 warrants if the underwriters' over-allotment option is exercised in full. Each warrant is exercisable to purchase one Class A ordinary share at $11.50 per share and the warrants are redeemable. The closing of the transaction will occur concurrently with the closing of the IPO of the company.