A SPAC II Acquisition priced its initial public offering of 18.5 million units at $10 each. The units list on the Nasdaq and begin trading today under the ticker symbol ASCBU. Each unit consists of one Class A ordinary share, half of a redeemable warrant, and one right to receive one-tenth of a share upon completion of a merger. Whole warrants are exercisable at $11.50 per share.
Once the securities begin separate trading, shares, warrants and rights are expected to list under the symbols ASCB, ASCBW and ASCBR, respectively.
Maxim Group is sole book-running manager in the offering.
The Singapore-based SPAC will target Proptech and Fintech operations with a preference for companies that promote environmental, social and governance (“ESG”) principles. Read more.
