Mason Industrial Technology, Inc. announced private placement of 6,666,667 redeemable warrants at a price of $1.50 per warrant for gross proceeds of $10,000,000 with existing investor Mason Industrial Sponsor, LLC on January 12, 2021. Each warrant is exercisable at $11.50 per share, subject to adjustment, on the later of 30 days after the completion of initial business combination and 12 months from the closing of this offering, and will expire five years after the completion of initial business combination or earlier upon redemption or liquidation. The company may issue 7,466,667 warrants if the over-allotment option is exercised in full. The transaction will close concurrently with closing of public offering. The warrants will not be transferable, assignable or salable until 30 days after the initial business combination.