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SPAC BOA Acquisition II files for a $200 million IPO, targeting real estate and infrastructure

October 6, 2025

BOA Acquisition II, a blank check company targeting real estate and infrastructure, filed on Monday with the SEC to raise up to $200 million in an initial public offering.

The company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-eighth of one right to receive one share upon the completion of an initial business combination.

The SPAC is led by CEO, CFO, and Director Benjamin Friedman, Managing Partner at The Avery Companies, Partner at Friedman Capital, and co-founder and director of PhireLink. He is joined by Chairman Brian Friedman, Partner at Friedman Capital, and co-founder and Managing Partner at Foxhall Partners. The SPAC plans to target opportunities involving direct investments in real estate and infrastructure assets, particularly within the energy, telecommunications, and transportation sectors.

Management's previous SPAC, BOA Acquisition, merged with Selina Hospitality (formerly Nasdaq: SLNA) in October 2022.

The Washington, DC-based company was founded in 2025 and plans to list on the Nasdaq under the symbol THEOU. BOA Acquisition II filed confidentially on September 2, 2025. Cohen & Company Securities is the sole bookrunner on the deal.