Revolution Healthcare Acquisition Corp. (NasdaqCM:REVH.U) announced a private placement of 11,333,333 warrants at a price of $1.5 per warrant for gross proceeds of $16,999,999.5 on March 1, 2021. The transaction will include participation from returning investor Rev Sponsor Llc. Each warrant is exercisable to purchase one share of class A common stock at $11.50 per share. The company will issue 12,333,333 warrants in the transaction if the underwriter’s over-allotment option is exercised in full. The closing of the transaction will occur concurrently with the closing of the IPO of the company which is expected to close on March 22, 2021.