NextGen Acquisition Corp. II Announces Pricing of $350 Million Initial Public Offering
March 22 2021 - 6:58PM
NextGen Acquisition Corp. II (the “Company”) announced today that
it priced its initial public offering of 35,000,000 units at $10.00
per unit. The units will be listed on The Nasdaq Capital Market
(“Nasdaq”) and trade under the ticker symbol “NGCAU” beginning
March 23, 2021. Each unit consists of one Class A ordinary share
and one-fifth of one redeemable warrant. Each whole warrant
entitles the holder thereof to purchase one Class A ordinary share
at a price of $11.50 per share. Only whole warrants are
exercisable. Once the securities comprising the units begin
separate trading, the Class A ordinary shares and redeemable
warrants are expected to be listed on Nasdaq under the symbols “
NGCA” and “NGCAW,” respectively. The offering is expected to close
on March 25, 2021, subject to customary closing conditions.
NextGen Acquisition Corp. II was founded by George N. Mattson
and Gregory L. Summe. The Company is a blank check company formed
for the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. The Company intends to
focus on the industrial, technology, and healthcare sectors.
Goldman Sachs and Credit Suisse are acting as joint book-running
managers. The Company has granted the underwriters a 45-day option
to purchase up to an additional 5,250,000 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 may be obtained from Goldman
Sachs, Attn: Prospectus Department, 100 Burma Road, Jersey City, NJ
07305, Telephone: 1-201-793-5170, Email:
prospectus-ny@ny.email.gs.com, and Credit Suisse (USA) LLC, Attn:
Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC
27560, Telephone: 1-800-221-1037, Email:
usa.prospectus@credit-suisse.com.
A registration statement relating to the securities became
effective on March 22, 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
proposed initial public offering. No assurance can be given that
the offering will be completed on the terms described, or at all.
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 preliminary
prospectus for the Company’s offering filed with the U.S.
Securities and Exchange Commission (the “SEC”). Copies of these
documents 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.
Investor Contact:
NextGen Acquisition Corp. II
Info@NextGenAcq.com
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