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Good Works II Acquisition Corp. (NASDAQ: GWIIU) announced that on August 23, 2021, its units will cease trading, with common stock (GWII) and redeemable warrants (GWIIW) starting to trade separately on the Nasdaq Capital Market. Each unit comprises one share of common stock and half a redeemable warrant, with whole warrants allowing purchase of stock at $11.50 each. This separation is automatic, requiring no action from unit holders, although fractional warrants will be rounded down, potentially leading to the loss of some warrants for unit owners.
Good Works II Acquisition Corp. (NASDAQ: GWIIU) has successfully closed its IPO, issuing 23 million units at $10 each, which includes an exercised over-allotment. Trading commenced on July 12, 2021, on Nasdaq. Each unit comprises one share of common stock and one-half of a redeemable warrant, allowing purchase of shares at $11.50 each. I-Bankers Securities, Inc. served as the sole book-running manager, with Schiff Hardin LLP providing counsel to the Company.
This blank check company seeks merger or acquisition opportunities across various industries.
Good Works II Acquisition Corp. (NASDAQ: GWIIU) has priced its initial public offering (IPO) at $10.00 per unit, offering 20,000,000 units. Trading is expected to commence on July 12, 2021, on the Nasdaq Capital Market under the symbol GWIIU. Each unit comprises one share of common stock and a half warrant, with each whole warrant enabling the purchase of one share at $11.50. The underwriters have a 45-day option for an additional 3,000,000 units. The offering is anticipated to close around July 14, 2021, subject to customary conditions.
