Better World Acquisition Corp. announced that it has entered into written subscription agreements for a private placement to issue 4,000,000 warrants at a price of $1 per warrant for gross proceeds of $4,000,000 on August 31, 2020. The transaction will include participation from EarlyBirdCapital Inc., Investment Arm, returning investor, BWA Holdings LLC and/or their designees. If the underwriter’s over-allotment option is exercised in full, the company may issue additional 375,000 warrants of which up to 316,000 warrants will be purchased by BWA Holdings LLC and up to 59,000 warrants by EarlyBirdCapital Inc., Investment Arm. Each warrant is exercisable to purchase one class A ordinary share at a price of $11.50 per share, subject to adjustment. The warrants will not be redeemable as long as they are held by the investor or its permitted transferees. The warrants will not be transferable, assignable or salable until 30 days after the completion of initial business combination.