Good Works II Acquisition Corp. Announces Closing of $230,000,000 Initial Public Offering, Including Full Exercise of Underwriter Over-Allotment Option
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.
- Successful closure of IPO raising $230 million.
- Underwriters exercised full over-allotment option.
- None.
Good Works II Acquisition Corp. (NASDAQ: GWIIU) (the “Company”) announced today the closing of its initial public offering of 23,000,000 units, which included the full exercise of the underwriters' over-allotment option, at a price to the public of
I-Bankers Securities, Inc. was the sole book-running manager of the offering.
Schiff Hardin LLP acted as counsel to the Company and Ellenoff Grossman & Schole LLP acted as counsel to the underwriters.
The offering was made only by means of a prospectus. Copies of the prospectus related to this offering may be obtained from I-Bankers Securities, Inc. at 1208 Shady Lane N, Keller, TX 76248.
A registration statement relating to the securities was declared effective by the Securities and Exchange Commission (“SEC”) on July 9, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, 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.
About Good Works II Acquisition Corp.
Good Works II Acquisition Corp. is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. The Company’s management team consists of Messrs. Fred Zeidman, Chairman, Douglas Wurth, Chief Executive Officer, and Cary Grossman, President. The Company may pursue a business combination opportunity in any business or industry it chooses.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements, including those set forth in the risk factors section of the prospectus used in connection with the Company’s initial public offering. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
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