DHC Acquisition Corp. (NasdaqCM:DHCA.U) announced private placement of 5,333,333 pre-paid warrants at a price of $1.50 per warrant for gross proceeds of $7,999,999.50 on February 9, 2021. The company has entered into warrant purchase agreement with the investor. The transaction involves participation from DHC Sponsor, LLC. Each private placement warrant is exercisable for one share of class A common stock at a price of $11.50 per share. Once the warrants become exercisable, the company may redeem the outstanding warrants for cash. The transaction will close concurrently with closing of public offering. If the underwriters over-allotment option is exercised in full the company will issue 5,833,333 warrants for gross proceeds of $8,749,999.50.