Sandbridge X2 priced its upsized IPO of 22 million units at $10 each. The SPAC offered 2 million more units than anticipated.
Units begin trading today on the NYSE under SBII.U. Each unit of one share of Class A common stock and one-third of one redeemable warrant. Each whole warrant is exercisable at $11.50. Once the securities comprising the units begin separate trading, stock and warrants will list under SBII and SBII WS, respectively.
The SPAC will target companies in the consumer sector and consumer-related businesses. Read more.
