Broadstone Acquisition Corp. announced that it has entered into agreement for a private placement of 8,000,000 warrants at a price of $1 per warrant for gross proceeds of $8,000,000 on August 13, 2020. The transaction will include participation from Broadstone Sponsor LLP. Each warrant entitling the holder to purchase one class A ordinary share at an exercise price of $11.50 per share, at a price of $1.00 per warrant. The company has granted the overallotment option to purchase additional 900,000 warrants in the transaction. The warrants will expire after year years from the date of issuance.