Austerlitz Acquisition I registered today to offer 50 million units at $10 each for a planned $500 million raise. Soon after, Austerlitz II registered with the SEC to offer 100 million units at $10 each for a planned $1 billion IPO.
The SPACs are led by Founder and Director William Foley, II. He has served as the chairman of Cannae Holdings since July 2017. Foley is also a founder of Fidelity National Financial, and has served as the chairman since 1984.
Both Austerlitz SPACs intend to target a business in financial technology or information and business services, which acts as an essential utility to industries that are core to the economy.
The two blank-check companies appear to name-check the Battle of Austerlitz, considered by historians as Napoleon’s greatest victory.
Foley’s most recent SPACs, Foley Trasimene Acquisition and Foley Trasimene Acquisition II in recent months have inked merger agreements with Alight Solutions and payments processor Paysafe Group Holdings, respectively.
Austerlitz I intends to list on the NYSE under AUS.U. Read more.
Austerlitz II plans to list on the NYSE under ASZ.U. Read more.
