Schultze Special Purpose Acquisition II priced its IPO of 15 million units at $10 each.
Units begin listing today on the Nasdaq under SAMAU.
Each unit consists of one share and one-half of a warrant. Once the securities begin separate trading, stock and warrants are expected to list under SAMA and SAMAW.
The offering is expected to close Oct. 13.
The SPAC intends to target companies that may be experiencing liquidity constraints, are financially stressed or have experienced and emerged from a financial restructuring.
Stifel, Nicolaus and Mizuho Securities USA are joint book-running managers for the offering. The underwriters have an option to purchase up to an additional 2.25 million units to cover over-allotments, if any. Read more.
