SVF Investment Corp. 3 (NasdaqCM:SVFC) announced a private placement with returning investor SVF Sponsor III (DE) LLC to issue 7,333,333 warrants at a price of $1.50 per warrant for gross proceeds of $10,999,999.5 and also entered into a forward purchase agreement with SVFII SPAC Investment 3 (DE) LLC to issue 15,000,000 units at a price of $10 per unit for gross proceeds of $150,000,000 for aggregate gross proceeds of $160,999,999.5 on February 5, 2021. Each whole warrant entitles the holder to purchase one class A ordinary share at a price of $11.50 per share and each unit consists of one share and one-fifth of one warrant to purchase one class A ordinary share at a price of $11.50 per share. The company will issue 8,000,000 warrant to SVF Sponsor III (DE) LLC in the transaction if the underwriters’ over-allotment option is exercised in full. The transaction will close concurrently with the closing of the IPO of the company. The private placement warrants will be non-redeemable for cash and exercisable on a cashless basis so long as the investor or its permitted transferees hold them. The warrants will expire five years after the completion of a business combination or earlier upon redemption or liquidation. Once the warrants become exercisable, the company may redeem the outstanding warrants subject to conditions. The securities to be issued will be subject to hold period of 30 days.