Heartland Media Acquisition Corp. announced that it has entered into a purchase agreement for a private placement of 10,000,000 warrants at a price of $1 per share for gross proceeds of $10,000,000 on November 24, 2021. The warrants are exercisable into class A common shares at an exercise price of $11.5 per share.

The transaction will include participation from Heartland Sponsor LLC. The company has provided the over-allotment option to issue additional 1,200,000 warrants pursuant to the transaction.