Kimbell Tiger Acquisition Corporation entered into private placement warrants purchase agreement to issue 12,750,000 warrants at the price of $1 per warrant for gross proceeds of $12,750,000 on February 3, 2022. The transaction will include participation from existing investor Kimbell Tiger Acquisition Sponsor, LLC. Each whole warrant entitles the holder to purchase one share at an exercise price of $11.50 per share.

The warrants can be increased to 14,100,000 if overallotment option in connection with public offering is exercised. The private placement warrants may not be transferred, assigned, or sold until 30 days following the completion of initial business combination.