Altimar Acquisition II priced its IPO of 30 million units at $10 each to raise $300 million.
Units start trading today on the NYSE under ATMRU. Each consists of one Class A ordinary share and one-fourth of a redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at $11.50. Once the securities comprising the units begin separate trading, shares and warrants will list under ATMR and ATMRW, respectively.
The new SPAC has not identified a target sector, but in its initial SEC filing said, “we intend to focus on two characteristics as a common theme: a strong organic growth plan coupled with a compelling business model that is materially cash generative at maturity.”
The SPAC’s sponsor is an affiliate of global investment firm HPS. Altimar I is in a pending merger with merger with Owl Rock Capital Partners and Dyal Capital Partners. Read more.
