Horizon Acquisition Corporation announced private placement of 8,000,000 warrants at a price of $1.5 per warrant for gross proceeds of $12,000,000 with existing investor Horizon Sponsor, LLC on August 3, 2020. The warrants are exercisable into class A common shares at $11.5 per share. The company has granted over-allotment option of additional 1,000,000 warrants if the underwriters over-allotment option is exercised. The securities will not be transferable, assignable or salable until 30 days after the completion of our initial business combination. The transaction is expected close simultaneously with public offering.