Fortress Value Acquisition Corp. II (FAII.U) Prices $300M IPO
by Nicholas Alan Clayton on 2020-08-12 at 5:25am

Fortress Value Acquisition Corp. II (FAII.U), announced the pricing of their $300 million SPAC IPO tonight and the shares are expected to begin trading on the NYSE under the FAII.U symbol tomorrow, August 12, 2020.

Andrew McKnight will serve as FAII’s CEO, with Joshua Pack nominated as Board Chairman and Daniel Bass and Micah Kaplan stepping in as the entity’s CFO and COO, respectively.

McKnight and Pack also served in these roles for Fortress Value Acquisition Corp. I, which on July 15th announced it had agreed to combine with US-based rare earth mineral miner MP Materials.

Total SPAC deal count for 2020 year-to-date is now 65 with $25.93 billion in gross proceeds raised. The offering is anticipated to close on Friday, August 14, 2020.


Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and BofA Securities, Inc. are serving as the underwriters for the offering. Weil, Gotshal & Manges LLP, was Issuer’s Counsel while Skadden, Arps, Slate, Meagher & Flom LLP served as Underwriter’s Counsel. WithumSmith+Brown acted as auditor. Continental Stock Transfer & Trust Company is acting as trustee.

 

Fortress Value Acquisition Corp. II (FAII.U) Prices $300M IPO
Recent Posts
by Nicholas Alan Clayton on 2025-07-02 at 12:13pm

McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...

by Nicholas Alan Clayton on 2025-07-02 at 8:29am

At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....

by Nicholas Alan Clayton on 2025-07-02 at 6:28am

EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...

by Nicholas Alan Clayton on 2025-07-01 at 7:51pm

Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....

by Nicholas Alan Clayton on 2025-07-01 at 7:47pm

Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved