Crucible Acquisition Corporation announced that it has entered into a warrant purchase agreement for a private placement of 4,783,333 pre-paid warrants at an issue price of $1.50 per warrant for gross proceeds of $7,174,999.50 on January 7, 2021. The transaction involves participation from Foundry Crucible I, 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.