GX Acquisition II priced its IPO of 30 million units at $10 each.
Units begin trading today on the Nasdaq under GXIIU. Each consists of one share of Class A common stock and one-third of one redeemable warrant, each whole warrant exercisable at $11.50 for one share. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under GXII and GXIIW, respectively.
While the SPAC said it may pursue an initial business combination target in any business or industry, it intends to focus its search on companies with an enterprise value in excess of $1 billion. Read more.
