Pontem Corporation announced that it has entered into an agreement for a private placement of 6,333,333 pre-paid warrants at a price of $1.50 per warrant for gross proceeds of $9,500,000 with existing investor Altimeter Growth Holdings, an affiliate of Altimeter Capital Management, LP on December 28, 2020. The company will issue additional 750,000 warrants if the underwriters’ over-allotment option is exercised in full. Each warrant is exercisable at $11.5 per class A share, subject to adjustments. The transaction will close concurrently with public offering. The private placement warrants will be non-redeemable. The warrants will not be transferable, assignable or salable until 30 days after the completion of our initial business combination.