Singapore-Based A SPAC II Acquisition Prices US$185 Million IPO

Special purpose acquisition company A SPAC II Acquisition Corp. (Nasdaq: ASCBU) started trading on the Nasdaq Capital Market on Tuesday. The firm aims to raise US$185.0 million in its initial public offering.

The offering consisted of 18.5 million company units at US$10.00 per unit. Each unit contains one Class A common share, one-half of a redeemable warrant, and one-tenth of a right. Each whole warrant is exercisable for one common share at US$11.50 per share while each whole right equates to one common share upon business combination. The shares, warrants, and rights, once trading separately, will be trading under “ASCB”, “ASCBW”, and “ASCBR”, respectively.

Maxim Group acts as the sole bookrunner for the said offering. The underwriters were granted a 45-day overallotment option to purchase additional 2.8 million units at the same IPO price.

The Singapore-based blank check firm intends to focus on completing a business combination in Proptech and Fintech, with particular preference to companies employing ESG principles.

Its predecessor A SPAC I Acquisition Corp. (Nasdaq: ASCAU) launched its US$60-million initial public offering in February 2022.


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.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Related News

Squarepace: The IPO Deep Dive

If you’re a business looking to have an online presence, you might have tried creating...

Tuesday, May 18, 2021, 01:30:00 PM

Fashion Platform Rent The Runway Prices Upsized US$357 Million IPO

Fashion e-commerce platform Rent the Runway, Inc. (Nasdaq: RENT) started trading on the Nasdaq Global...

Wednesday, October 27, 2021, 02:15:00 PM

SPAC Gardiner Healthcare Acquisitions Prices US$75 Million IPO

Special purpose acquisition company Gardiner Healthcare Acquisitions Corp. (NASDAQ: GDNRU) started trading publicly on the...

Wednesday, December 22, 2021, 04:32:00 PM

Freight Payment Platform Freightos To Be Taken Public In A US$435 Million SPAC Merger

Freight booking and payment platform Freightos Limited is looking to debut on the Nasdaq after...

Wednesday, June 1, 2022, 02:21:00 PM

Fintech SPAC World Quantum Growth Acquisition Prices Downsized US$200 Million IPO

Blank check company World Quantum Growth Acquisition Corp. (NYSE: WQGA.U) went public yesterday on the...

Thursday, August 12, 2021, 04:37:00 PM