SilverBox Engaged Merger Corp I (NasdaqCM:SBEA.U) announced a private placement of an aggregate of 5,666,667 warrants at a price of $1.50 per warrant for gross proceeds of $8,500,001 and has entered into a forward purchase share agreement with Engaged Capital, LLC and/or its affiliates for a private placement of 10,000,000 forward purchase shares at $10.00 per share for gross proceeds of $100,000,000 for total gross proceeds of $108,500,000 on February 8, 2021. The company will issue 6,266,667 warrants if the underwriters’ option to purchase additional units is exercised in full. Each private placement warrant entitles the holder thereof to purchase one share of our Class A common stock at $11.50 per share. The warrant purchase transaction is expected to close simultaneously with the closing of the public offering, i.e., March 2, 2021 and shares purchase transaction simultaneously with the initial business combination. The warrants are non-redeemable in nature. The warrants are subject to a hold period until 30 days after the completion of our initial business combination. The warrants will expire five years after the completion of our initial business combination or earlier upon redemption or liquidation.