Mudrick Capital Acquisition Corporation II announced the pricing of its upsized $275 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “MUDSU” tomorrow, Wednesday, December 8.

The new company aims to combine with a distressed or post-restructured middle market business valued at $750 million to $2 billion. Mudrick is led by CEO and Chairman Jason Mudrick alongside VP Victor Danh, VP and Director David Kirsch and CFO Glenn Springer.

Total SPAC deal count for 2020 year-to-date is now 213 with $73.14 billion in gross proceeds raised. This offering is expected to close on Thursday, December 11.

Jefferies LLC is acting as the sole book-running manager of the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.