Investindustrial Acquisition Corp. announced that it has entered into a warrant purchase agreement with Investindustrial Acquisition Corp. L.P. of 6,000,000 warrants or up to 6,700,000 warrants if the over-allotment option is exercised in full at a price of $1.50 per warrant for gross proceeds of $9,000,000 on November 18, 2020. The warrants will be exercisable to purchase one Class A Ordinary Share at $11.50 per share, subject to adjustment, at a price of $1.50 per warrant. The warrants will be subject to the transfer restrictions, subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination, may be exercised by the holders on a cashless basis and will be entitled to registration rights. The Purchaser shall pay the Purchase Price by wire transfer of immediately available funds of $2,000,000 to the Company at a financial institution to be chosen by the Company, and $7,000,000 to the trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee.