NewHold Investment Corp. announced a private placement of an aggregate of 5,250,000 non-redeemable warrants at an issue price of $1 per warrant for gross proceeds of $5,250,000 on July 10, 2020. Each warrant entitles the holder to purchase one share of Class A common stock at $11.50 per share. The transaction will include participation from NewHold Industrial Technology Holdings LLC for 3,850,000 warrants, and certain funds and accounts managed by Magnetar Financial LLC, UBS O'Connor LLC, and Mint Tower Capital Management B.V. for 1,400,000 warrants. The company may issue 5,700,000 warrants in the transaction, if the underwriters’ over-allotment option is exercised in full. The transaction will close simultaneously with the closing of the concurrent public offering. The securities are subject to a 30 day hold period. The warrants may be exercised only during the exercise period commencing on the later of the date that is 30 days after the first date on which the company completes a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination, involving the company and one or more businesses and the date that is 12 months from the date of the closing of the transaction, and terminating at 5:00 p.m., New York City time on the earlier to occur of the date that is five years after the date on which the company completes its initial Business Combination, the liquidation of the company, and other than with respect to the private Warrants and the working capital warrants to the extent then held by the private warrant purchasers or their permitted transferees, and the redemption date.