Artius II Acquisition Inc. Announces Pricing of $200 Million Initial Public Offering
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.
Artius II Acquisition Inc. ha annunciato il prezzo della sua offerta pubblica iniziale (IPO) di 20.000.000 unità a 10,00 dollari per unità, per un totale di 200 milioni di dollari. Le unità saranno negoziate su Nasdaq con il simbolo AACBU a partire dal 13 febbraio 2025.
Ogni unità è composta da una azione ordinaria di Classe A, un diritto di ricevere 1/10 di un'azione ordinaria di Classe A in caso di fusione aziendale, e un diritto contingente per una quota proporzionale di 1.000.000 di azioni ordinarie di Classe A distribuiti secondo una struttura di tontine. Lo sponsor ridurrà le azioni dei fondatori di un importo equivalente.
Santander funge da unico gestore del libro, con un'opzione di 45 giorni per acquistare fino a 3.000.000 di unità aggiuntive per sovrallocazioni. Una volta avviato il trading separato, le azioni di Classe A e i diritti saranno negoziati rispettivamente con i simboli AACB e AACBR.
Artius II Acquisition Inc. anunció el precio de su oferta pública inicial (IPO) de 20,000,000 unidades a $10.00 por unidad, totalizando $200 millones. Las unidades se negociarán en Nasdaq bajo el símbolo AACBU a partir del 13 de febrero de 2025.
Cada unidad comprende una acción ordinaria de Clase A, un derecho a recibir 1/10 de una acción ordinaria de Clase A tras la combinación empresarial, y un derecho contingente para una participación prorrata de 1,000,000 de acciones ordinarias de Clase A distribuidas bajo una estructura de tontina. El patrocinador reducirá las acciones de los fundadores en una cantidad equivalente.
Santander actúa como único administrador del libro, con una opción de 45 días para comprar hasta 3,000,000 unidades adicionales para sobreasignaciones. Una vez que comience la negociación separada, las acciones de Clase A y los derechos se negociarán bajo AACB y AACBR respectivamente.
Artius II Acquisition Inc.는 20,000,000개의 단위를 개당 10.00달러에 발행하는 초기 공개 모집(IPO)의 가격을 발표했으며, 총 2억 달러에 달합니다. 이 단위는 2025년 2월 13일부터 AACBU라는 기호로 나스닥에서 거래됩니다.
각 단위는 클래스 A 보통주 1주, 사업 결합 시 클래스 A 보통주 1/10주를 받을 수 있는 권리 1개, 그리고 톤틴 구조 하에 배포 가능한 클래스 A 보통주 1,000,000주의 비례 지분에 대한 조건부 권리 1개로 구성됩니다. 스폰서는 창립자 주식을 동일한 양 만큼 줄입니다.
산탄데르가 단독 북런닝 매니저로 활동하며, 초과 배정을 위해 최대 3,000,000개의 추가 단위를 구매할 수 있는 45일 옵션이 있습니다. 별도의 거래가 시작되면 클래스 A 주식과 권리는 각각 AACB 및 AACBR라는 기호로 거래됩니다.
Artius II Acquisition Inc. a annoncé le prix de son introduction en bourse (IPO) de 20 000 000 d'unités à 10,00 $ par unité, totalisant 200 millions de dollars. Les unités seront négociées sur le Nasdaq sous le symbole AACBU à partir du 13 février 2025.
Chaque unité comprend une action ordinaire de Classe A, un droit de recevoir 1/10 d'une action ordinaire de Classe A lors d'une combinaison d'entreprises, et un droit contingent pour une part proportionnelle de 1 000 000 d'actions ordinaires de Classe A sous une structure de tontine. Le sponsor réduira les actions des fondateurs d'un montant équivalent.
Santander agit comme gestionnaire unique de l'offre, avec une option de 45 jours pour acheter jusqu'à 3 000 000 d'unités supplémentaires pour les surallocations. Une fois que le trading séparé commence, les actions de Classe A et les droits seront négociés sous les symboles AACB et AACBR respectivement.
Artius II Acquisition Inc. hat den Preis für ihr Initial Public Offering (IPO) von 20.000.000 Einheiten zu je 10,00 USD bekannt gegeben, was insgesamt 200 Millionen USD ergibt. Die Einheiten werden ab dem 13. Februar 2025 unter dem Symbol AACBU an der Nasdaq gehandelt.
Jede Einheit besteht aus einer Stammaktie der Klasse A, einem Recht auf den Erhalt von 1/10 einer Stammaktie der Klasse A bei einer Unternehmenszusammenführung und einem bedingten Recht auf einen anteiligen Anteil von 1.000.000 ausgabefähigen Stammaktien der Klasse A im Rahmen einer Tontine-Struktur. Der Sponsor wird die Gründeraktien um einen entsprechenden Betrag reduzieren.
Santander fungiert als alleiniger Bookrunner und hat eine 45-tägige Option, bis zu 3.000.000 zusätzliche Einheiten für Überplatzierungen zu erwerben. Sobald der separate Handel beginnt, werden die Stammaktien der Klasse A und die Rechte unter den Symbolen AACB und AACBR gehandelt.
- IPO raises $200 million through 20 million units at $10.00 each
- Innovative tontine structure potentially benefits long-term shareholders
- Listing on major exchange (Nasdaq) provides liquidity and visibility
- Over-allotment option could add $30 million in additional capital
- Potential dilution from rights conversion (1/10th share per right)
- Complex share structure may affect investor understanding and valuation
- No specific business combination target identified yet
Insights
This $200 million SPAC IPO introduces an innovative structure that could reshape the SPAC market landscape. The tontine feature represents a sophisticated approach to addressing common SPAC challenges, particularly the high redemption rates that have plagued recent deals. By allocating 1 million additional shares specifically to non-redeeming shareholders, the structure creates a powerful incentive for investors to remain invested through the business combination.
The sponsor's commitment to reduce founder shares by an amount equal to the tontine shares demonstrates exceptional alignment with public shareholders - a rare feature in SPAC structures. This mechanism effectively transfers value from sponsors to long-term shareholders, potentially reducing the dilution typically associated with SPAC investments.
The unit composition is particularly noteworthy. The inclusion of both a standard 1/10th share right and a contingent tontine right creates a multi-layered value proposition. The separate trading of components (under symbols AACB and AACBR) will allow market participants to price these rights independently, potentially creating arbitrage opportunities and increased market efficiency.
Santander's role as sole book-runner, rather than the typical multi-bank syndicate, suggests a more focused and potentially more efficient distribution process. This could lead to a more stable shareholder base and better price discovery in the secondary market.
The timing of this offering, amid evolving SPAC market conditions, positions it as a potential template for future SPAC structures. The innovative features address key criticisms of traditional SPACs while maintaining the flexibility and potential upside that attracted investors to the SPAC vehicle initially.
Artius II Features a 1,000,000 Distributable Class A Ordinary Share Structure (“Tontine Structure”) with Sponsor Reducing Founder Shares by an Equal Amount
Each Unit Includes One Class A Ordinary Share, One Right to Receive 1/10th of a Class A Ordinary Share and One Contingent Right to Receive a Pro Rata Share of 1,000,000 Distributable Class A Ordinary Shares Under Tontine Structure
NEW YORK, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Artius II Acquisition Inc. (“Artius II” or the “Company”) announced today that it priced its initial public offering of 20,000,000 units at
Santander is acting as sole book-running manager. The Company has granted the underwriter a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.
About Artius II Acquisition Inc.
The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on technology enabled businesses that directly or indirectly offer specific technology solutions, broader technology software and services, or financial services to companies of all sizes. The Company was founded by Boon Sim, the Founder and Managing Partner of Artius Capital Partners LLC and founder of Artius Acquisition Inc., a special purpose acquisition company. Karen Richardson, Kevin Costello and John Stein will be serving as board members.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Santander US Capital Markets LLC at Santander US Capital Markets LLC, Attention: ECM Syndicate, 437 Madison Avenue, New York, NY 10022, by email at equity-syndicate@santander.us, or by telephone at 833-818-1602.
A registration statement relating to the securities became effective on February 12, 2025. This press release shall not constitute an offer to sell or the 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.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s preliminary prospectus for the Company’s offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Investor Contact:
Jason Ozone
jason@artiuscapital.com
+1-212-309-7668
FAQ
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