Foresight Acquisition II registered with the SEC to offer 25 million units at $10 each. A unit consists of one share of Class A common stock and one-third of one redeemable warrant, with whole warrants exercisable for a share at $11.50.
Cowen and William Blair are joint book-running managers of the offering. The underwriters have a 45-day option to purchase up to an additional 3.75 million units to cover any over-allotments.
Foresight II plans to target companies in the technology-enabled consumer and consumer healthcare industries. Management’s first SPAC, Foresight I, raised $316.25 million in a February IPO. It is focused on the same sectors for an acquisition.
The new SPAC is led by Chairman Greg Wasson, who is president and founder of his own family office, Wasson Enterprise. CEO Michael Balkin serves in the same role at Foresight I. He has over 30 years of experience working with public companies in the small cap space. Balkin was a partner and formerly co-manager of the William Blair small institutional portfolio and the William Blair small cap growth fund.
The SPAC intends to apply for a Nasdaq listing under FACQU. Read more.
