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.