Spartacus Acquisition Corporation announced a private placement of 8,750,000 pre-paid, redeemable warrants at a price of $1 per warrant for gross proceeds of $8,750,000 on October 15, 2020. The transaction will include participation Spartacus Sponsor Llc for 8,104,244 warrants and B. Riley Principal Investments for 645,756 warrants. The company has granted an over-allotment option for Spartacus Sponsor Llc for 1,050,000 warrants. Each warrant is exercisable to purchase one share off class A common stock at $11.50 per share. The securities issued will be subject to transfer restrictions for a period of 30 days.