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Seaport Global Acquisition II Corp. (Nasdaq: SGIIU) announced that from December 1, 2021, holders of Units can separately trade Class A common stock (SGII) and Warrants (SGIIW) from the Units. Units that remain unseparated will continue to trade under the symbol SGIIU. The Company is a blank check entity aimed at mergers and acquisitions, focusing on firms undergoing significant business transformations. B. Riley Securities acted as the sole book-running manager for the initial public offering, which was effective as of November 17, 2021.
Seaport Global Acquisition II Corp. announced its IPO pricing of 12.5 million units at $10 each, set to trade on Nasdaq under the symbol SGIIU starting November 17, 2021. Each unit includes one share of Class A common stock and one-half of a redeemable warrant, allowing shares to be purchased at $11.50 each. The offering closes on November 19, 2021, subject to customary conditions. This Company aims to pursue business combinations in various industries, concentrating on companies undergoing significant transitions. B. Riley Securities acts as the sole book-runner for the offering.
