Aquarius II Acquisition Sweetens Offering 16 Months After Filing S-1

Lion Group Holdings

Aquarius II Acquisition in an amended registration statement sweetened the 6 million units it plans to sell in an initial public offering. The offering was originally registered with the SEC in July 2021.

A unit now consists of one ordinary share, a warrant and one right to receive one-fifth of a share upon closing a deal. The original units for the proposed offering each consisted of a share, half a warrant and one-tenth of a right. 

Aquarius II still plans to target companies with enterprise values of between $150 million and $300 million that are preferably already revenue-generating.  The SPAC is sponsored by Hong Kong-based Lion Group Holding.

EF Hutton is sole book-running manager.

The SPAC has applied for a Nasdaq listing under the symbol AQUBU. Read more.

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