10X Capital Venture Acquisition II priced its IPO of 20 million units at $10 each.
Units being trading today on the Nasdaq under VCXAU. Each consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable at $11.50 per share. Once the securities begin separate trading, shares and warrants are expected to list under VCXA and VCXAW.
The SPAC intends to focus on identifying high growth technology and tech-enabled businesses domestically and abroad in the consumer internet, ecommerce, software, healthcare, transportation / mobility and financial services industries. Other potential industries for targeting include those being disrupted by advances in technology and on technology paradigms including artificial intelligence, automation, data science, ecommerce and Software-as-a-Service.
Cantor Fitzgerald is sole book-running manager. The underwriters have an option to purchase up to an additional 3 million units to cover any over-allotments. Read more.
