Mudrick Capital Acquisition Corporation II Announces Pricing of Upsized $275,000,000 Initial Public Offering
07 Dezembro 2020 - 11:22PM
Mudrick Capital Acquisition Corporation II (the “Company”), a blank
check company formed for the purpose of effecting a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses,
announced today that it priced its initial public offering of
27,500,000 units at $10.00 per unit. While the Company may pursue
an initial business combination target in any business or industry,
it intends to focus its search on post-restructured and distressed
companies. The Company is led by Chief Executive Officer and
Chairman of the Board of Directors, Jason Mudrick, Chief Financial
Officer, Glenn Springer, Vice President, Victor Danh and Vice
President, David Kirsch.
The units will be listed on the Nasdaq Capital
Market (“Nasdaq”) and will begin trading tomorrow, December 8,
2020, under the ticker symbol “MUDSU”. Each unit consists of one
share of the Company’s Class A common stock and one-half of one
redeemable warrant, with each whole warrant entitling the holder
thereof to purchase one share of Class A common stock at a price of
$11.50 per share. No fractional warrants will be issued upon
separation of the units and only whole warrants will trade. Once
the securities comprising the units begin separate trading, the
shares of Class A common stock and warrants are expected to be
listed on Nasdaq under the symbols “MUDS” and “MUDSW”,
respectively.
The offering is expected to close on December
10, 2020, subject to customary closing conditions.
Jefferies LLC 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 4,125,000 units at
the initial public offering price to cover over-allotments, if
any.
The offering is being made only by means of a
prospectus. Copies of the preliminary prospectus relating to the
offering and final prospectus, when available, may be obtained from
Jefferies LLC, Attention: Equity Syndicate Prospectus Department,
520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone
at 877-821-7388 or by e-mail
at Prospectus_Department@Jefferies.com.
A registration statement relating to these
securities has been filed with, and declared effective by, the
Securities and Exchange Commission (“SEC”) on December 7, 2020.
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 an
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, search for an initial business
combination and the anticipated use of the net proceeds thereof. 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
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
Jason Mudrick Chief Executive Officer Mudrick Capital
Acquisition Corporation II (646) 747-9500
jmudrick@mudrickcapital.com
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