Signal Hill Acquisition Corp. announced that it expects to receive $6 million in funding from Signal Hill Acquisition Sponsor, LLC, B. Riley Asset Management LLC, Equitec Proprietary Markets, LLC

Signal Hill Acquisition Corp. announced a private placement agreement of 6,000,000 redeemable warrants at a price of $1 per warrant for gross proceeds of $6,000,000 on January 6, 2022. The transaction will include participation from Signal Hill Acquisition Sponsor, LLC and certain holders of class B common shares.

Each warrant entitles the holder to purchase class A share of the company at a price of $11.50 per share. The company will issue 6,600,000 warrants at a price of $1 per warrant if the underwriters' over-allotment option is exercised. The transaction will close simultaneously with the public offering.