Colombier Acquisition Corp. II (NYSE: CLBR.U) announced the pricing of its upsized $150 million IPO this evening. Its units are expected to begin trading on the NYSE under the symbol “CLBR.U” on Tuesday, November 21, 2023. After the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on the NYSE under the symbols “CLBR” and “CLBR WS,” respectively.
The company intends to focus its search on industries that complement the management team’s background and network, such as companies categorized by Entrepreneurship, Innovation, and Growth (“EIG”), including but not limited to parallel economies, the return of products and services developed within the United States, sectors with impaired value due to certain investor mandates and businesses within regulated areas that are disrupting inefficiencies related thereto.
Colombier Acquisition Corp. II is led by its Chief Executive Officer and Chairman, Omeed Malik, Chief Financial Officer and Co-President, Joe Voboril, Chief Investment Officer and Co-President, Andrew Nasser and Chief Operating Officer, Jordan Cohen. The Company’s board of directors includes Chris Buskirk, Founder and Chief Investment Officer of 1789 Capital; Candice Willoughby, Capital Markets Executive; Michael Seifert, Founder, Chief Executive Officer and Chairman of the Board of PSQ Holdings, Inc; and Ryan Kavanaugh, Co-Founder of Triller.
Total SPAC deal count for 2023 year-to-date is now 28. This offering is expected to close on Friday, November 24, 2023.
BTIG, LLC is acting as sole bookrunner and representative of the underwriters of the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Terms Tracker for the Week Ending December 8, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Well that escalated quickly. While last week was quiet, this week was far busier. SPACs saw one IPO start trading after pricing on Friday of...
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