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Software Acquisition Group Inc. II (NASDAQ: SAIIU) has announced the option for holders of its 17,250,000 units from the initial public offering to trade shares of its Class A common stock and warrants separately, starting October 6, 2020. The Class A common stock and warrants will be traded under the symbols 'SAII' and 'SAIIW' on Nasdaq. Holders must contact their brokers for separation. The company, focusing on mergers in the software sector, filed a registration statement, effective September 14, 2020, with the SEC, which delineates its business ambitions.
Software Acquisition Group Inc. II (Nasdaq: SAIIU) has successfully closed the issuance of an additional 2,250,000 units, resulting from the underwriter’s full option exercise, raising $22,500,000. The total gross proceeds from the initial public offering now stand at $172,500,000. Each unit, priced at $10.00, includes one share of Class A common stock and half a redeemable warrant. The company, focusing on mergers in the software and internet technology sectors, began trading on Nasdaq on September 15, 2020.
Software Acquisition Group Inc. II (NASDAQ: SAIIU) successfully closed its initial public offering on September 17, 2020, raising $150 million from 15 million units priced at $10.00 each. Each unit comprises one share of Class A common stock and half a redeemable warrant, allowing a purchase of stock at $11.50 per share. The company targets merger and acquisition opportunities in the software sector, focusing on private equity and corporate carve-outs. The offering includes a 45-day option for underwriters to purchase additional units.
Software Acquisition Group Inc. II has priced its initial public offering (IPO) of 15 million units at $10.00 per unit. The units will trade on Nasdaq under the symbol 'SAIIU', starting September 15, 2020. Each unit includes one share of Class A common stock and one-half of a redeemable warrant, which can be exercised for a share at $11.50. The IPO is expected to close on September 17, 2020, subject to customary conditions. The company plans to focus on acquiring software firms, particularly those backed by private equity and venture capital.
