A SPAC II Acquisition Prices $185M IPO

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.

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