SPAC Colombier Acquisition II prices upsized $150 million IPO, targeting "entrepreneurship, innovation & growth"

Colombier Acquisition II, a blank check company targeting "entrepreneurship, innovation & growth" industries, raised $150 million by offering 15 million units at $10. The company offered 2 million more units than anticipated. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.

The company is led by CEO and Chairman Omeed Malik, the founder and CEO of broker/dealer and investment bank Farvahar Partners. The company believes its management team is well positioned to identify opportunities in the "entrepreneurship, innovation & growth" industries, and plans to focus on businesses with scalable growth platforms, strong competitive positioning, and enterprise values between $150 million and $2 billion, among other characteristics.

Management's previous SPAC, Colombier Acquisition, went public in June 2021 and completed its combination with "patriotic" marketplace PSQ Holdings (PSQH; -47% from $10 offer price) this past July.

Colombier Acquisition II plans to list on the NYSE under the symbol CLBR.U. BTIG acted as sole bookrunner on the deal.