Counter Press Acquisition Corporation announced that it has entered into an agreement for a private placement of 432,500 private units at a price of $10 per unit for gross proceeds of $4,325,000 on December 21, 2021. The transaction will include participation from Counter Press Sponsor Corporation for up to 36,416 private units and up to 2,959 private units will be purchased by BTIG, LLC and EarlyBirdCapital, Inc. The company will issue additional 39,375 units if the underwriters' over-allotment option is exercised in full. Each unit is exercisable at $11.5 per class A share, subject to adjustments.

The transaction will close concurrently with public offering. The units will be non-redeemable. The units will not be transferable, assignable or salable until 30 days after the completion of our initial business combination.