Seaport Global Acquisition II priced its IPO of 12.5 million units at $10 each. Units begin trading today on the Nasdaq under SGIIU. Each consists of one share and one-half of a warrant.
The SPAC intends to focus on companies undergoing transformational, transitional, or reorganizational business strategies.
B. Riley is sole book-running manager. The underwriters may opt to purchase up to 1.875 million additional units to cover any over-allotments. Read more.
