Colonnade Acquisition II registered with the SEC to offer 25 million units at $10 each to acquire a business with “favorable growth prospects.” the filing states.
The SPAC is led by Chairman Joseph Sambuco, who is also chairman and CEO of Colonnade Properties, which he founded along with Prudential Financial in 2000.
His previous SPAC is in a pending merger with Ouster, a manufacturer of high-resolution digital lidar sensors for the industrial automation, smart infrastructure, robotics, and automotive industries.
Colonnade II plans to list on the NYSE under CLAA.U. Read more.
