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Artius II Acquisition Inc. announced the pricing of its initial public offering (IPO) of 20,000,000 units at $10.00 per unit, totaling $200 million. The units will trade on Nasdaq under symbol AACBU starting February 13, 2025.
Each unit comprises one Class A ordinary share, one right to receive 1/10th of a Class A ordinary share upon business combination, and one contingent right for a pro-rata share of 1,000,000 distributable Class A ordinary shares under a tontine structure. The sponsor will reduce founder shares by an equal amount.
Santander serves as sole book-running manager, with a 45-day option to purchase up to 3,000,000 additional units for over-allotments. Once separate trading begins, the Class A shares and rights will trade under AACB and AACBR respectively.
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