Global Synergy Acquisition Corp. announced that it has entered into a warrants purchase agreement for private placement of 7,600,000 warrants at a price of $1 per warrant for gross proceeds of $7,600,000 on January 7, 2021. The transaction will include participation from Global Synergy Llc. The placement warrants are substantially similar to the public warrants sold as part of the units in the initial public offering, except that the warrants, if held by the investors or their permitted transferees, (i) may be exercised for cash or on a cashless basis, (ii) are not subject to being called for redemption under certain redemption scenarios and (iii) subject to certain limited exceptions, will be subject to transfer restrictions until 30 days following the consummation of the Company’s initial business combination. No underwriting discounts or commissions were paid with respect to the transaction. The issuance of the warrants was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended. If the warrants are held by holders other than the sponsor or its permitted transferees, the warrants will be redeemable by the company under all redemption scenarios and exercisable by holders on the same basis as the public warrants. The warrants have been issued pursuant to, and are governed by the warrant agreement.