Atlantic Coastal Acquisition II priced its upsized initial public offering of 26.1 units at $10 each, an increase of 1.1 million more units than initially registered last month for the offering. The units will be listed on the Nasdaq and trade under the ticker symbol ACABU beginning today. Each consists of one share and one-half of a warrant.
When the securities begin separate trading, shares and warrants are expected to be listed under the symbols ACAB and ACABW.
The new SPAC will seek a target in the next-generation mobility sector.
The offering is expected to close Jan. 19.
Cantor Fitzgerald is sole book running manager for the offering. Academy Securitie and Siebert Williams Shank & Co are co-managers. Read more.
