New Vista Acquisition Corp (NasdaqCM:NVSA.U) announced that it has entered into an agreement for a private placement of 7,000,000 warrants at a price of $1 per warrant for gross proceeds of $7,000,000 to existing investor, New Vista Acquisition Sponsor LLC on February 1, 2021. Each warrant is exercisable to purchase one class A ordinary share at $11.50 per share. The warrants cannot be exercised until the later of 30 days after the completion of its initial business combination and twelve months from the closing. The company will issue additional 600,000 warrants if over-allotment option is exercised in full making a total of 7,600,000 warrants in the transaction. The transaction will close concurrently with public offering. The warrants will be non-redeemable. The warrants will not be transferable, assignable or salable until 30 days after the completion of our initial business combination.