Pivotal Investment Corporation II (PIC.U), announced the pricing of their $200 million SPAC IPO this evening. Pivotal II’s units are expected to begin trading Friday, July 12th, under the symbol NYSE: PIC.U.
Pivotal II will be focusing on “industries ripe for disruption” and will be led by Jonathan Ledecky.
Total SPAC deal count for 2019 year-to-date is now 29 with $7.075 billion in gross proceeds raised. The offering is expected to close on July 16, 2019.
Congratulations to all.
Cantor and BTIG acted as co-book-running managers.
Graubard Miller and Ellenoff Grossman & Schole LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively.