NextGen Acquisition II registered with the SEC to offer 40 million units at $10 each.
The new SPAC said it will target a business in the industrial, technology and healthcare sectors.
NextGen II is led by Co-Chairman George Mattson, an independent investor focusing on control investment in lower middle market companies, and Co-Chairman Gregory Summe, founder and managing partner of Glen Capital Partners, a value-oriented investment fund.
The team’s first NextGen SPAC last month announced a merger agreement with commercial EV maker Xos at a $2 billion equity value.
The SPAC said it plans to apply for a Nasdaq listing under NGCAU. Read more.
