ARC Group Securities Acquisition II, the second blank check company led by executives of ARC Group, filed on Thursday with the SEC to raise up to $150 million in an initial public offering.
The company plans to raise $150 million by offering 15 million units at $10.00. Each unit consists of one share of common stock and one-half of one warrant, exercisable at $11.50.
ARC Group Securities Acquisition I is led by CEO, CFO, and Chairman Ian Hanna, the CEO of ARC Group Securities. The SPAC plans to target companies with an attractive competitive position, knowledgeable management teams, and potential for high revenue growth, among other characteristics. It plans to focus on businesses with an aggregate enterprise value of $700 million or greater.
Management also submitted filings for another SPAC, ARC Group Securities Acquisition (FJDIU), earlier today.
The Tempe, AZ-based company was founded in 2025 and plans to list on the Nasdaq under the symbol FDARU. Arc Group Securities is the sole bookrunner on the deal.
