Austerlitz Acquisition Corporation I (NYSE:AUS.U) announced a private placement of 8,000,000 warrants at a price of $1.50 per warrant for gross proceeds of $12,000,000 on February 10, 2021. The transaction will include participation from Austerlitz Acquisition Sponsor, LP I. Each warrant entitles the holder to purchase one additional Class A common share at an exercise price of $11.50. The securities to be issued have a hold period of 30 days. The company has granted over-allotment option to the underwriters  as part of the transaction. The company will issue additional 9,000,000 warrants for $13,500,000 if over-allotment option is exercised. The warrants are non-redeemable.