10X Capital Venture Acquisition Corp. II Announces Pricing of $200 Million Initial Public Offering
10X Capital Venture Acquisition Corp. II has announced the pricing of its initial public offering (IPO) of 20 million units at $10.00 per unit, to be listed on the Nasdaq under the symbol VCXAU starting August 11, 2021. Each unit comprises one Class A ordinary share and one-third of a redeemable warrant, with the whole warrant exercisable at $11.50 per share. The company aims to merge or acquire high-growth technology businesses across various sectors. Cantor Fitzgerald & Co. is the sole book-running manager and has a 45-day option for additional units.
- Successful pricing of IPO at $10 per unit.
- Focus on high-growth technology sectors.
- Potential for significant capital through additional units.
- Dependence on identifying suitable business combinations.
- Market conditions may impact the effectiveness of the IPO.
New York, NY, Aug. 10, 2021 (GLOBE NEWSWIRE) -- 10X Capital Venture Acquisition Corp. II (the “Company”) today announced the pricing of its initial public offering of 20,000,000 units at a price of
10X Capital Venture Acquisition Corp. II is a blank-check company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on identifying high growth technology and tech-enabled businesses domestically and abroad in the consumer internet, ecommerce, software, healthcare, transportation / mobility and financial services industries, as well as other industries which are being disrupted by advances in technology and on technology paradigms including artificial intelligence, automation, data science, ecommerce and Software-as-a-Service.
Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units 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 relating to this offering may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email: prospectus@cantor.com.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on August 10, 2021. 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.
Forward Looking-Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the 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 for the initial public offering filed with the 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.
Contact
Max Staedtler
10X Capital
One World Trade Center, 85th Floor
New York, NY 10007
(212) 257-0069
max@10xcapital.com
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