Atlas Crest Investment Corp. II Announces Pricing of Upsized $300 Million Initial Public Offering
04 Februar 2021 - 3:52AM
Atlas Crest Investment Corp. II (NYSE: ACII.U, the "Company")
announced today that it priced its upsized initial public offering
of 30,000,000 units at a price to the public of $10.00 per unit.
The units are expected to commence trading on February 4, 2021 on
The New York Stock Exchange (the “NYSE”) under the ticker symbol
"ACII.U". Each unit consists of one share of Class A common stock
and one-fourth of one warrant, each whole warrant entitling the
holder to purchase one share of Class A common stock at a price of
$11.50 per share. Once the securities comprising the units begin
separate trading, the shares of Class A common stock and warrants
are expected to be traded on the NYSE under the symbols "ACII" and
"ACII.WS," respectively. No fractional warrants will be issued upon
separation of the units and only whole warrants will trade. The
offering is expected to close on February 8, 2021, subject to
customary closing conditions.
Cantor Fitzgerald & Co. is acting as the
sole book-running manager of the offering. The underwriter
has been granted a 45-day option to purchase up to an additional
4,500,000 units offered by the Company to cover over-allotments, if
any.
A registration statement relating to these
securities was declared effective by the Securities and Exchange
Commission on February 3, 2021. The offering is being made only by
means of a prospectus, copies of which may be obtained by
contacting Cantor Fitzgerald & Co., Attention Capital Markets,
499 Park Avenue, New York, NY 10022, or by e-mail at
prospectus@cantor.com.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Atlas Crest
Investment Corp. II
Atlas Crest Investment Corp. II is a special
purpose acquisition company formed for the purpose of effecting a
merger, stock purchase or similar business combination with one or
more businesses. The Company is sponsored by an affiliate of Moelis
& Company, a leading global financial advisor to corporate
executives, boards, entrepreneurs, financial sponsors and
governments. The management team is led by Ken Moelis, as
Chairman, and Michael Spellacy, as Chief Executive Officer, both of
whom have had careers centered around identifying, evaluating and
implementing organic and inorganic transformational growth and
value creation initiatives across a broad range of industries.
While the Company intends to evaluate opportunities in many
sectors, it believes the diverse experience and extensive
relationship network of its management team, board and sponsor will
drive particularly attractive investment opportunities in certain
high growth sectors including media, fintech/payments, software and
technology enabled services, online gaming/sports betting,
healthcare and disruptive consumer.
Forward-Looking Statements
This press release includes forward-looking
statements that involve risks and uncertainties. Forward looking
statements are statements that are not historical facts. Such
forward-looking statements, including the successful consummation
of the Company's initial public offering, are subject to risks and
uncertainties, which could cause actual results to differ from the
forward-looking statements. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company's expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based, except as required by law.
Contact:
Andrea Hurst
Atlas Crest Investment Corp. II
T: +1 347 583 9705
Andrea@atlascrestcorp.com
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