Elliott Opportunity II priced its IPO of 53 million units at $10 each, an upsize of 3 million more units than initially registered in February.
Units begin trading today on the NYSE under EOCW.U. Each consists of one Class A ordinary share and one-fourth of one redeemable warrant; whole warrants exercisable at $11.50.
Once the securities comprising the units begin separate trading, shares and warrants are expected to list under EOCW and EOCW WS, respectively.
The SPAC intends to identify and acquire a business within the technology and technology-enabled services industry.
The sponsor is Elliott Opportunity Sponsor II, an affiliate of Elliott Investment Management.
Credit Suisse, Citigroup and UBS Investment Bank are joint book-running managers of the offering. BTIG, Guggenheim Securities and Macquarie Capital are co-managers. The underwriters have a 45-day option to purchase up to an additional 7.95 million units at the IPO price to cover any over-allotments. Read more.