Aspirational Consumer Lifestyle Corp. announced that it has entered into an agreement with Aspirational Consumer Lifestyle Sponsor LLC for a a private placement of an aggregate of 4,333,333 warrants at a price of $1.50 per warrant for gross proceeds of $6,500,000 on July 29, 2020. The company will issue 4,783,333 warrants if the underwriters’ over-allotment option is exercised in full for gross proceeds of $7,175,000. The transaction will close simultaneously with the closing of concurrent public offering transaction. Each warrant entitles the holder to purchase one class A ordinary share at $11.50 per share. The warrants are non-redeemable in nature. The warrants are subject to a 30 days notice period.