Virtuoso Acquisition Corp. announced private placement of 6,140,000 redeemable warrants at a price of $1 per warrant for gross proceeds of $6,140,000 with existing investor Virtucon Sponsor LLC on December 28, 2020. The company has granted over-allotment option as part of the transaction. Each warrant is exercisable at $11.50 per class A share on the later of 30 days after the completion of initial business combination, or 12 months from the closing of public offering. The transaction will close simultaneously with closing of public offering. The warrants will not be transferable, assignable or salable until 30 days after the consummation of initial business combination.