Nebula Caravel Acquisition Corp. announced a private placement of 4,833,333 warrants at a price of $1.50 per warrant for gross proceeds of $7,250,000 on November 20, 2020. The transaction will include participation from Nebula Caravel Holdings, LLC. Each warrant entitles the holder to purchase one additional Class A common share at a price of $11.50 per share. The securities to be issued will have a lock- up period of 30 days.