A SPAC II Acquisition Corp. priced its $185 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ASCBU” Tuesday, May 3, 2022.
The new SPAC intends to focus on high-growth industries that apply cutting-edge technologies, such as Proptech and Fintech, with a preference for companies that promote environmental, social, and governance principles. A SPAC II is led by Independent Chairman Malcolm F. MacLean IV, and CEO and CFO Claudius Tsang.
Total SPAC deal count for 2022 year-to-date is now 62. This offering is expected to close on Thursday, May 5.
Maxim Group LLC is acting as the sole book-running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with ArentFox Schiff LLP serving as Underwriter’s Counsel. Marcum Bernstein & Pinchuk LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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