Athlon Acquisition Corp. entered into an agreement to issue 6,800,000 warrants at the price of $1 per warrants for gross proceeds of $6,800,000 on January 11, 2021. The transaction will include participation from AAC Holdco, LLC. The warrants have exercise price of $11.5 per share. The warrants can be increased to 7,520,000 if overallotment option is exercised.