GX Acquisition Corp. II (NASDAQ: GXIIU) received a notice from Nasdaq for failing to timely file its Quarterly Report on Form 10-Q for Q1 2021. The notice indicates non-compliance with Nasdaq’s listing requirements. The company had previously submitted a Form 12b-25, stating it was unable to meet the deadline due to changes in accounting for outstanding warrants. GXIIU has a 60-day period from the notice date (May 28, 2021) to regain compliance by filing the Form 10-Q. Failure to comply may lead to delisting procedures.
GX Acquisition Corp. II (Nasdaq: GXIIU) will allow the separation of its 30 million units sold in its IPO starting May 10, 2021. Holders can trade Class A common stock and warrants under the symbols GXII and GXIIW, respectively, while units will continue to trade as GXIIU. No fractional warrants will be issued. A registration statement was effective as of March 17, 2021. The company is a blank check entity focused on acquiring businesses with an enterprise value exceeding $1 billion.
GX Acquisition Corp. II has successfully closed its initial public offering of 30 million units at $10.00 each. The units are now listed on Nasdaq under the symbol ‘GXIIU’ and each consists of one Class A share plus one-third of a redeemable warrant, which can be exercised at $11.50. The company aims to pursue a business combination with targets having an enterprise value of over $1 billion. Cantor Fitzgerald served as the sole book-running manager and has a 45-day option for an additional 4.5 million units.
GX Acquisition Corp. II announced the pricing of its initial public offering (IPO) of 30,000,000 units at $10.00 each, set to begin trading on Nasdaq under the ticker symbol “GXIIU” on March 18, 2021. Each unit comprises one share of Class A common stock and one-third of a redeemable warrant. The company seeks to acquire businesses with an enterprise value exceeding $1 billion. Cantor Fitzgerald & Co. is the sole book runner for the offering, which includes a 45-day overallotment option for underwriters to purchase an additional 4,500,000 units.