Atlas Crest Investment II offered 5 million more units than initially planned to raise $300 million in an IPO. The upsize represents a 20 percent increase from the 25 million units the SPAC originally expected to offer.
The SPAC intends to focus on high growth sectors including media, fintech/payments, software and technology enabled services, online gaming/sports betting, healthcare and disruptive consumer.
The sponsor is an affiliate of Moelis & Company.
Units begin trading otday on the NYSE under ACII.U. Read more.
