FinServ Acquisition Corp. II Announces Closing of $300,000,000 Initial Public Offering
FinServ Acquisition Corp. II has successfully closed its initial public offering (IPO) of 30 million units at $10 each, totaling $300 million. This includes the underwriters' exercised over-allotment of 3.5 million units. The units, comprising one share of Class A common stock and a quarter warrant, are listed as FSRXU on Nasdaq. Once separate trading begins, shares and warrants will trade under FSRX and FSRXW. The Company aims to identify a target in the FinTech and financial services sectors for future mergers or acquisitions.
- Successfully raised $300 million from the IPO.
- Interest in targeting the growing FinTech industry for business combinations.
- None.
New York, NY, Feb. 22, 2021 (GLOBE NEWSWIRE) -- FinServ Acquisition Corp. II (the “Company”) announced today that it closed its initial public offering of 30,000,000 units, including 3,500,000 units issued pursuant to the exercise of the underwriters’ over-allotment option, at
The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on businesses in the financial technology (“FinTech”) and financial services industries. The Company is led by Lee Einbinder, Chief Executive Officer, Howard Kurz, President, and Steven Handwerker, Chief Financial Officer.
Citigroup Global Markets Inc. and Barclays Capital Inc. acted as joint book running managers for the offering.
The offering was made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Citigroup Global Markets Inc., 388 Greenwich Street, New York, NY, 10013, Attn: General Counsel, fax no.: (646) 291-1469, and from Barclays Capital Inc., 745 Seventh Avenue, New York, NY, 10019, Attn: Syndicate Registration, fax no.: (646) 834-8133.
Registration statements relating to these securities have been filed with the Securities and Exchange Commission (the “SEC”) and became effective on February 17, 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 an 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 the anticipated use of the net proceeds. No assurance can be given 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 registration statement and preliminary prospectus for the 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
Lee Einbinder
Chief Executive Officer
FinServ Acquisition Corp. II
lee@finservacquisition.com
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