Sunday, October 26, 2025

Capco Founder-Led SPAC Motive Capital II Prices Upsized US$300 Million IPO

Special purpose acquisition company Motive Capital Corp II (NYSE: MTVC.U) went public today on the New York Stock Exchange. The company is seeking to raise US$300.0 million through its initial public offering.

The offering consists of 30.0 million company units, an increase from the previous size of 25.0 million units, priced at US$10.00 per unit. Each unit is composed of one Class A common share and one-third of a purchase warrant. Each whole warrant is redeemable to purchase one common share at US11.50 per share.

The units will be trading under the symbol “MTVC.U” but once the securities are separated, the common shares and the purchase warrants will be trading on the New York-based big board under the symbols “MTVC” and “MTVC.WS”, respectively.

UBS Investment Bank and J.P. Morgan are acting as the bookrunners for the offering. The company has granted the underwriters a 45-day over-allotment option to purchase additional 4.5 million company units, potentially bringing the offering proceeds to US$345.0 million.

The newly-organized blank check firm is sponsored by fintech-focused investment firm Motive Partners. The latter’s founder and managing partner, Capco founder Rob Heyvaert, also serves as the SPAC’s chairman and CEO. On the other hand, the firm’s president is a former CEO of blockchain firm Digital Asset Holdings and a current industry partner at Motive Partners, Blythe Masters.

The firm is the second SPAC sponsored by Motive Partners. Motive Capital I conducted its IPO in December 2020 offering 41.4 million company units. In September 2021, it merged with private market platform Forge for a US$2.0 billion valuation of the combined company.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

This Is Why the Gold Run Is Not Done! | Peter Marrone – Allied Gold

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Birkenstock Files For $8 Billion IPO

Birkenstock, the renowned German footwear company, took a significant step towards going public on Tuesday....

Wednesday, September 13, 2023, 10:36:00 AM

Digital Gaming Firm Super Group Debuts On NYSE Thru Sports Entertainment Acquisition Merger

Online sports betting and gaming holdings firm SGHC (NYSE: SGHC), known as Super Group, is...

Friday, January 28, 2022, 02:24:00 PM

Cannabis SPAC Clover Leaf Capital Prices US$125 Million IPO

Special purpose acquisition company Clover Leaf Capital Corp. started trading its securities on the Nasdaq...

Tuesday, July 20, 2021, 04:46:00 PM

Grill Maker Traeger Prices US$423.5 Million IPO

Outdoor cooking system maker Traeger Inc. (Nasdaq: COOK) started publicly trading on the New York...

Friday, July 30, 2021, 11:20:00 AM

Fintech SPAC Prime Number Acquisition I Prices US$60 Million IPO

Special purpose acquisition company Prime Number Acquisition I Corp (Nasdaq: PNACU) started trading its securities...

Monday, May 16, 2022, 02:23:00 PM