Churchill Capital Corp VI announced a private placement of 11,000,000 warrants at a price of $1 per share for gross proceeds of $11,000,000 on January 8, 2021. The transaction will include participation from returning investor Churchill Sponsor VI LLC. Each warrant will be exercisable to purchase one share of class A common stock at $11.50 per share. The warrants will become exercisable on the later of 30 days after the completion of our initial business combination and 12 months from the closing of the transaction and will expire five years after the completion of our initial business combination or earlier upon redemption or liquidation. The company has granted an over-allotment option for 1,200,000 warrants to the underwriters. The warrants will be non-redeemable in nature and will be subject to transfer restrictions until 30 days after the completion of the company's initial business combination. The transaction is expected to close upon consummation of the initial public offering.