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Tishman Speyer Innovation Corp. II (Nasdaq: TSIBU) announced that the holders of its initial public offering units may begin trading shares of Class A common stock and warrants separately on or about April 5, 2021. The IPO, which raised $300 million, closed on February 17, 2021, for 30,000,000 units. Units not separated will continue trading under the symbol 'TSIBU'. The company aims to pursue a merger or similar business combination. No fractional warrants will be issued, and brokers must contact the company’s transfer agent for unit separation.
Tishman Speyer Innovation Corp. II has successfully completed its upsized initial public offering (IPO) of 30 million units priced at $10.00 per unit, raising $300 million in gross proceeds. The units, which consist of one common stock share and one-fifth of a redeemable warrant, are listed on the Nasdaq under the symbol TSIBU. The company aims to pursue transformative, technology-driven businesses in the real estate sector, leveraging Tishman Speyer's extensive experience and global network.
Tishman Speyer Innovation Corp. II has successfully priced its upsized initial public offering at $10.00 per unit, raising $300 million in gross proceeds. Each unit comprises one share of common stock and one-fifth of a redeemable warrant. The company aims to pursue merger opportunities primarily in the real estate technology sector, targeting transformative Proptech businesses. The IPO units will be traded on the Nasdaq under the symbol TSIBU.