Sustainable Opportunities Acquisition Corp. announced private placement of 9,500,000 pre-paid warrants at a price of $1 per warrant for gross proceeds of $9,500,000 on May 5, 2020. The transaction involves participation from Sustainable Opportunities Holdings LLC. Each private placement warrant is exercisable for one share of class A common stock at a price of $11.50 per share. Once the warrants become exercisable, the company may redeem the outstanding warrants for cash. The transaction will close concurrently with closing of public offering.