AMCI Acquisition Corp. II Announces Pricing of $150 Million Initial Public Offering

Rhea-AI Summary

AMCI Acquisition Corp. II announced the pricing of its initial public offering (IPO) of 15,000,000 units at $10.00 per unit, slated for trading on Nasdaq under the symbol 'AMCIU' starting August 4, 2021. Each unit comprises one share of Class A common stock and one-half of a redeemable warrant, with the latter exercisable at $11.50 per share. The company is a blank check entity focused on mergers and acquisitions in sustainability and energy transition sectors. Evercore ISI is the sole book-runner for the offering, which allows for an additional 2,250,000 units to be purchased to cover over-allotments.

Positive

• Successful pricing of 15,000,000 units at $10.00 per unit, raising significant funds for strategic investments.
• Focus on investment opportunities in sustainability and energy transition, potentially tapping into a growing market.

Negative

• The offering is contingent on various conditions and market acceptance, which could impact completion.
• Potential risks associated with forward-looking statements regarding the IPO and future business combinations.

GREENWICH, Conn., Aug. 3, 2021 /PRNewswire/ -- AMCI Acquisition Corp. II (the "Company") today announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Capital Market ("Nasdaq") and trade under the ticker symbol "AMCIU" beginning on August 4, 2021. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants will be exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on Nasdaq under the symbols "AMCI" and "AMCIW," respectively.

AMCI Acquisition Corp. II is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on investment opportunities centered around the themes of sustainability, decarbonization and energy transition.

Evercore ISI is acting as the sole book-runner for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.

The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained from Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, by telephone at (888) 474-0200 or by e-mail at ecm.prospectus@evercore.com.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on August 3, 2021. 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 initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the 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 registration statement for the initial public offering filed with the SEC. Copies 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.

Contact

Nimesh Patel
Chief Executive Officer and Director
AMCI Acquisition Corp. II
203-625-9200
npatel@amcigroup.com

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SOURCE AMCI Acquisition Corp. II

FAQ

What is the ticker symbol for AMCI Acquisition Corp. II's IPO?

The ticker symbol for AMCI Acquisition Corp. II's IPO is AMCIU.

When will AMCI Acquisition Corp. II's units start trading?

The units will start trading on Nasdaq on August 4, 2021.

How many units were offered in AMCI Acquisition Corp. II's IPO?

AMCI Acquisition Corp. II offered 15,000,000 units in its IPO.

What is the exercise price for the warrants included in AMCI Acquisition Corp. II's IPO units?

The exercise price for the warrants is $11.50 per share.

Who is the sole book-runner for AMCI Acquisition Corp. II's IPO?

Evercore ISI is acting as the sole book-runner for the offering.