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Elliott Opportunity II Corp. priced its initial public offering (IPO) of 53 million units at $10.00 each, aiming to raise $530 million. The units will be listed on the NYSE under the ticker symbol EOCW.U starting June 29, 2021. Each unit consists of one Class A share and one-fourth of a redeemable warrant, with whole warrants enabling the purchase of shares at $11.50. The company plans to acquire businesses in technology and technology-enabled services. A 45-day option for underwriters to purchase an additional 7.95 million units has been granted.
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