FirstMark Acquisition II filed with the SEC to raise $200 million through an offer of 20 million units at $10 each. A unit will consist of one share of Class A common stock and one-fifth of one redeemable warrant; whol warrants exercisable for a share at $11.50.
The new SPAC plans to target businesses in the technology industry.
FirstMark II is led by CEO and Director Richard Heitzmann, founder and partner of FirstMark, a venture capital firm focused on consumer and enterprise investments in media, advertising technology, gaming, mobile and data service. Prior to this, Heitzmann was a partner at Pequot Ventures from 1999 to 2008. His SPAC FirstMark Horizon raised $360 million in an October IPO.
The SPAC intends to apply for a listing on the NYSE but has not yet selected a ticker symbol. Read more.
