Vector Acquisition Corporation II Announces Pricing of Upsized $450 Million Initial Public Offering
Vector Acquisition Corporation II has announced the pricing of its upsized IPO, offering 45 million Class A ordinary shares at $10.00 each. The shares will be traded on the Nasdaq under the ticker symbol VAQC, with Deutsche Bank and BofA Securities acting as joint book-running managers. There is an option for underwriters to purchase an additional 6.75 million shares to cover over-allotments. The offering is scheduled to close on March 12, 2021, subject to customary conditions. The registration statement became effective on March 9, 2021.
- Upsized IPO offering of 45 million shares at $10.00, enhancing initial capital influx.
- Additional option for underwriters to purchase 6.75 million shares indicates strong demand.
- Market conditions could affect the successful completion of the offering.
- Forward-looking statements highlight uncertainties regarding the use of proceeds.
Vector Acquisition Corporation II (the “Company”), a special purpose acquisition company led by Alex Slusky and formed for the purpose of entering into a combination with one or more businesses, today announced the pricing of its upsized initial public offering of 45,000,000 Class A ordinary shares at a price of
Deutsche Bank Securities Inc. and BofA Securities are serving as joint book-running managers for this offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 6,750,000 shares at the initial public offering price to cover over-allotments, if any.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: Deutsche Bank Securities Inc., Attention: Prospectus Department, 60 Wall Street, New York, New York 10005, telephone: 800-503-4611 or email: prospectus.cpdg@db.com; or BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001 or email: dg.prospectus_request@bofa.com.
A registration statement relating to the securities became effective on March 9, 2021 in accordance with Section 8(a) of the Securities Act of 1933, as amended. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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.
The offering is expected to close on March 12, 2021, subject to customary closing conditions.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the Securities and Exchange Commission (“SEC”). Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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