Motive Capital II registered to offer 25 million units at $10 each. A unit consists of one Class A ordinary share and one-third of a warrant.
The new SPAC is targeting the fintech subsectors of Banking & Payments, Capital Markets, Data & Analytics, Insurance and Investment Management.
Chairman, CEO and Director Rob Heyvaert is also chairman and director of Motive Capital I. He is managing partner of Motive Partners, which he founded in 2017.
UBS and J.P. Morgan are joint book-runners for the offering. The underwriters have an option to purchase up to an additional 3.75 million units.
The SPAC intends to apply for a NYSE listing under MTVC U. Read more.
