WASHINGTON, March 4, 2021 /PRNewswire/ -- Supernova
Partners Acquisition Company II, Ltd. ("Supernova II") announced
today the closing of its initial public offering of 34,500,000
units, which included the full exercise of the underwriters'
over-allotment option, at a price of $10.00 per unit, resulting in gross proceeds of
$345,000,000.
Supernova II 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. Supernova II will look to partner with a
technology company focused on enterprise solutions.
Supernova II is led by the team that founded its predecessor,
Supernova Partners Acquisition Company, Inc., consisting of
Spencer Rascoff, a serial
entrepreneur who co-founded Hotwire and Zillow and who led Zillow
as CEO for nearly a decade; Alexander
Klabin, an investor and entrepreneur who co-founded Senator
Investment Group; Robert Reid, an
investor who worked for 21 years at Blackstone in its Private
Equity Group; and Michael Clifton,
an investor who was most recently a senior investment professional
at The Carlyle Group.
The units began trading on the New York Stock Exchange (the
"NYSE") under the ticker symbol "SNII.U" on March 2, 2021. Each unit consists of one Class A
ordinary share of Supernova II and one-fourth of one redeemable
warrant, each whole warrant entitling the holder thereof to
purchase one Class A ordinary share at an exercise price of
$11.50 per share. After the
securities comprising the units begin separate trading, the Class A
ordinary shares and warrants are expected to be listed on the NYSE
under the symbols "SNII" and "SNII WS," respectively. No fractional
warrants will be issued upon separation of the units and only whole
warrants will trade.
J.P. Morgan Securities LLC and Jefferies LLC served as book
runners for the offering.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained from:
J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 866-803-9204
Email: prospectuseq_fi@jpmchase.com
or
Jefferies LLC
Attention: Equity Syndicate Prospectus Department
520 Madison Avenue, 2nd Floor
New York, NY 10022
Telephone: 1-877-821-7388
Email: Prospectus_Department@Jefferies.com
Registration statements relating to these securities have been
filed with the Securities and Exchange Commission ("SEC") and
became effective on March 1,
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 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." Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of Supernova II, including those set forth in the Risk
Factors section of Supernova II's prospectus for the offering filed
with the SEC. Copies are available on the SEC's
website, www.sec.gov. Supernova II 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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SOURCE Supernova Partners Acquisition Company II, Ltd.