Tech and Energy Transition Corporation (NasdaqCM:TETC.U) announced that it has entered into warrants subscription agreement of 6,900,000 warrants at issue price of $1.50 per warrant for gross proceeds of $10,350,000 on February 23, 2021. The transaction will include participation from Tech and Energy Transition Sponsor LLC. The warrants can be exercisable to purchase one shares of class A at an exercisable price of $11.50 per share. The company has also given an option to issue 7,600,000 warrants if the underwriters’ option to purchase additional units is exercised in full. The transaction will close simultaneously with the closing of public offerings.