Jack Creek Investment Corp. announced that it has entered into an agreement for a private placement of 5,333,333 pre-paid warrants at a price of $1.5 per warrant for gross proceeds of $7,999,999.5 with existing investor JCIC Sponsor LLC on September 21, 2020. The company will issue additional 600,000 warrants if the underwriters’ over-allotment option is exercised in full. Each warrant is exercisable at $11.5 per class A ordinary share, subject to adjustments. The warrants will be non-redeemable. The warrants, including the Class A ordinary shares issuable upon exercise of the private placement warrants, will not be transferable, assignable or salable until 30 days after the completion of our initial business combination. The transaction will close concurrently with public offering. If initial business combination doesn't complete within 24 months from the closing of this offering, the private placement warrants will expire worthless.