Revolution Acceleration Acquisition Corp announced that it has entered into sponsor warrants purchase agreement for a private placement of 4,666,667 warrants at an issue price of $1.50 per share for gross proceeds of $7,000,000.50 on November 20, 2020. The transaction involved participation from Raac Management Llc. The company will issue 5,166,667 warrants if the underwriter’s over-allotment option is exercised in full. The warrants can be exercised to purchase class A common shares of par value $0.0001 per share at a price of $11.50 per share. The warrants are subject to transfer restrictions and will not be redeemable by the company.