NextGen Acquisition II Files for $400M IPO

NextGen Acquisition

NextGen Acquisition II registered with the SEC to offer 40 million units at $10 each.

The new SPAC said it will target a business in the industrial, technology and healthcare sectors.

NextGen II is led by Co-Chairman George Mattson, an independent investor focusing on control investment in lower middle market companies, and Co-Chairman Gregory Summe, founder and managing partner of Glen Capital Partners, a value-oriented investment fund. 

The team’s first NextGen SPAC last month announced a merger agreement with commercial EV maker Xos at a $2 billion equity value. 

The SPAC said it plans to apply for a Nasdaq listing under NGCAU. Read more.

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