Atlas Crest Investment Corp. 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 “ACII.U” Thursday, February 4.
Atlas Crest Investment Corp. II aims to look within a wide variety of sectors, but focus on particularly attractive investments opportunities in high growth sectors including media, fintech/payments, software and technology enabled services, online gaming/sports betting, healthcare and disruptive consumer. The team will be led by Chairman Ken Moelis and Chief Executive Officer and Director Michael Spellacy.
Total SPAC deal count for 2021 year-to-date is now 104 with $30.2 billion in gross proceeds raised. This offering is expected to close on Friday, February 5.
Cantor Fitzgerald is acting as the sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.