Oyster Enterprises II Acquisition, a blank check company led by Alden Global execs targeting tech, media, and other industries, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering.
The Miami, FL-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.
Oyster Enterprises II Acquisition is led by Chairman Heath Freeman, a founding member and President of Alden Global, and CEO and Vice Chairman Mario Zarazua, who currently serves as a Senior Managing Director at Smith Management, a prior affiliate of Alden Global. The SPAC plans to target industries that align with the background of its management and advisor, including technology, media, entertainment, sports, consumer products, financial services, real estate, and hospitality.
Management's previous SPAC, Oyster Enterprises Acquisition (OSTRU), went public in 2021 and liquidated in 2022.
Oyster Enterprises II Acquisition was founded in 2024 and plans to list on the Nasdaq under the symbol OYSEU. The company filed confidentially on November 7, 2024. BTIG is the sole bookrunner on the deal.
