Software Acquisition Group Inc. II Announces Pricing of $150,000,000 Initial Public Offering
14 Setembro 2020 - 8:35PM
Software Acquisition Group Inc. II (the “Company”) announced today
that it priced its initial public offering of 15,000,000 units, at
$10.00 per unit. The units will be listed on the Nasdaq Capital
Market (“Nasdaq”) and will begin trading tomorrow, Tuesday,
September 15, 2020, under the ticker symbol “SAIIU.” Each unit
consists of one share of the Company’s Class A common stock and
one-half of one redeemable warrant, each whole warrant entitling
the holder thereof to purchase one share of Class A common stock at
a price of $11.50 per share. Only whole warrants are exercisable.
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, shares of the Class A common
stock and warrants are expected to be listed on Nasdaq under the
symbols “SAII” and “SAIIW,” respectively.
The offering is expected to close on September
17, 2020, subject to customary closing conditions.
The Company is 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. While the Company may
pursue an initial business combination target in any business or
industry, it intends to focus its search on software companies,
especially those targeting enterprise vertical sectors owned by
private equity and venture capital firms as well as corporate
carve-outs. The Company is led by Chairman and Chief Executive
Officer, Jonathan Huberman, and Vice President of Acquisitions,
Mike Nikzad. In addition to Messers Huberman and Nikzad, the
Board of Directors includes Andrew Nikou, Stephanie Davis, Peter
Diamandis, Steven Guggenheimer and Matt Olton.
B. Riley Securities, Inc. is acting as sole
book-running manager of the offering. The Company has granted B.
Riley Securities, Inc. a 45-day option to purchase up to an
additional 2,250,000 units at the initial public offering price to
cover over-allotments, if any.
The offering is being made only by means of a
prospectus. Copies of the preliminary prospectus relating to the
offering and final prospectus, when available, may be obtained from
B. Riley Securities, Inc. at 1300 17th Street N., Suite 1400, Attn:
Syndicate Prospectus Department, Arlington, Virginia 22209, by
telephone at (800) 846-5050 or by email at
prospectuses@brileyfin.com.
A registration statement relating to these
securities has been filed with, and declared effective by, the
Securities and Exchange Commission (“SEC”) on September 14,
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 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 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
Jonathan Huberman Chief Executive Officer Software Acquisition
Group Inc. II jon@softwareaqn.com | 310.991.4982
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