SINGAPORE–(BUSINESS WIRE)–Tiga Acquisition Corp. (the “Company”), announced today that on May 25, 2022, it had issued and sold to Tiga Sponsor LLC 2,760,000 private placement warrants at $1.00 per warrant for an aggregate purchase price of US$2,760,000 (the “Proceeds”), and that such Proceeds were placed on deposit in the Company’s trust account on May 24, 2022. Each Warrant entitles its holder to purchase one common share of Class A at a price of $11.50 per share.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. prior to registration or qualification under the securities laws of such state or territory.
Caution Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements”, including with respect to the limited partner’s proposed purchase of additional private placement warrants and the anticipated deposit of the proceeds of such purchase into the trust account of the society. No assurance can be given that the transactions described above will be completed on the terms described, or at all, or that proceeds from the purchase of Private Placement Warrants will be deposited as directed. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control.