Brookline Capital Acquisition Corp. announced a private placement of an aggregate of 175,000 placement units at a price of $10.00 per unit, for an aggregate purchase price of $1,750,000 on August 14, 2020. The company will issue 186,250 placement units if the over-allotment option is exercised in full. Each unit consists of one share of our common stock and one half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of our common stock at a price of $11.50 per share. The warrants will expire on the later of (i) 30 days after the company’s completion of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or (ii) 12 months from the closing of the company’s initial public offering, and will expire unless exercised before 5:00 p.m., New York City Time, on the date that is 5 years after the date on which the company completes its initial Business Combination, or earlier upon redemption or liquidation. The transaction will close simultaneously with the closing of public offering. The securities will be subject to a hold period of 30 days. The units will be non-redeemable in nature. The transaction will include participation from accredited investors pursuant to regulation D.