Ascendant Digital Acquisition II registered with the SEC to offer 30 million units at $10 each. A unit consists of one Class A ordinary share and one-third of one redeemable warrant, with whole warrants exercisable at $11.50.
The SPAC aims to acquire and potentially operate a business in what it calls the “Attention Economy,” which refers to converging sectors within interactive (digital) entertainment, film/television, music, print and digital books (including magazine and comics publications), e-sports, live events and other forms of consumer entertainment.
Ascendant Digital II is led by CEO and Chairman Mark Gerhard, who has been the co-founder, CEO and CTO of Disruptional, formerly Playfusion. His first Ascendant Digital SPAC is in a pending merger with Beacon Street Group.
The SPAC intends to apply for a NYSE listing but has not yet chosen a ticker symbol. Read more.
