Better World Acquisition Corp. announced that it has entered into written agreements for a private placement to issue 6,000,000 warrants at a price of $1 per warrant for gross proceeds of $6,000,000 on August 6, 2020. The transaction will include participation from Jefferies LLC, Investment Arm for 500,000 warrants and returning investor, Genesis Park Holdings for 5,500,000 warrants. If the underwriter’s over-allotment option is exercised in full, the company may issue additional 600,000 warrants of which up to 525,000 warrants will be purchased by Genesis Park Holdings and up to 75,000 warrants by Jefferies LLC, Investment Arm. Each warrant is exercisable to purchase one class A ordinary share at a price of $11.50 per share, subject to adjustment. The warrants will not be redeemable as long as they are held by the investors or its permitted transferees. The warrants will not be transferable, assignable or salable until 30 days after the completion of initial business combination.