Silver Crest Acquisition Corporation announced a private placement of 7,000,000 warrants at a price of $1 per warrant for gross proceeds of $7,000,000 on December 23, 2020. The transaction will include participation from returning investor Silver Crest Management Llc. Each warrant is exercisable to purchase one Class A ordinary share at $11.50 per share. The warrants will not be transferable, assignable or salable until 30 days after the completion of the initial business combination of the company and will be non-redeemable in nature. The company has granted an over-allotment option for 750,000 warrants to the underwriters.