Cerberus Telecom Acquisition II today registered with the SEC to offer 50 million units at $10 each. A unit consists of one Class A ordinary share and one-fourth of one redeemable warrant. Whole warrants will be exercisable at $11.50 for a share.
The new SPAC intends to target communications companies, especially firms engaged in the 5G broadband standard.
Cerberus is led by Chairman Frank Bruno, Co-CEO of Cerberus. He is responsible for leading Cerberus’s global investment activities. Management’s previous SPAC, Cerberus I, announced a merger deal last week with KORE Wireless at a $1 billion valuation.
The SPAC has applied for a NYSE listing under CTII.U. Read more.
