Supernova Partners Acquisition Company II announced the pricing of its upsized $300 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “SNII.U,” Tuesday, March 2.
The new company aims to combine with a technology target well-positioned to benefit from thematic shifts valued between $1 billion and $5 billion. Supernova II is led by Co-Chairs Spencer M. Rascoff and Alexander M. Klabin alongside CEO Robert D. Reid and CFO Michael S. Clifton.
Total SPAC deal count for 2021 year-to-date is now 190. This offering is expected to close on Thursday, March 4.
J.P. Morgan Securities LLC is acting as the sole book-running manager for the offering. Latham & Watkins LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. American Stock Transfer & Trust Company is acting as trustee.
Quantumsphere (NASDAQ:QUMSU) has filed for a $60 million IPO with a team that has been steadily increasing its experience in SPACs through ties to several others in the Announced and Searching columns. The new SPAC is the second smallest that filed its first S-1 in the month of May and comes after 14-straight filings for...
At the SPAC of Dawn Futures remain slightly red ever since the OECD downgraded global growth forecasts in light of the ongoing tariff disputes. This impact is anticipated to be felt most strongly in the US and Japan, although the later is expected to begin a rebound in 2026. This organization does not include African...
Crown Reserve Acquisition Corp. I (NASDAQ:CRACU) has filed for a $150 million IPO to seek out a biotech deal with a team tied to one of the busiest names in SPACs recently. The new SPAC was filed as something of a pair with Quantumsphere Acquisition Corporation (NASDAQ:QUMSU), which was also underwritten by SPAC Advisory Partners...
FG Merger III Corp. has filed for a $150 million IPO to continue with the FG serial SPAC family with a larger vehicle focused on the financial services industry. The new SPAC is one of 16 SPACs that were filed in May and one of the four that overfunded its trust. FG Merger III is...
In our May 2025 corporate actions analysis, the SPAC market highlighted dependence on deadline extensions, with all votes involving sponsors seeking their third extension or beyond. While the total number of extension-related actions declined slightly from April, activity remained elevated compared to earlier months, reflecting the continued overhang from the 2021 SPAC wave. Extension Votes...