Silver Spike Acquisition Corp. announced that it has entered into a warrant purchase agreement to issue 7,000,000 redeemable warrants at issue price of $1 per share for gross proceeds of $7,000,000 on August 7, 2019. The transaction included participation from Silver Spike Sponsor, Llc. Each warrant can be exercised to purchase one class A share at an exercise price of $11.50 per share. The investor has agreed to purchase 7,750,000 warrants if the over-allotment option is exercised in full by the underwriter.