Vine Hill Capital Investment II, a blank check company targeting industrials, transportation, and technology, raised $200 million by offering 20 million units at $10.00. The company offered 2.5 million more units than expected. Each unit consists of one share of common stock and one-third of one warrant, exercisable at $11.50.
The company is led by CEO and Director Nicholas Petruska, who has been the CEO and CFO of several other SPACs. He is joined by CFO Daniel Zlotnitsky, a former investment professional at The Gores Group, Breakaway Capital, and three prior SPACs. Vine Hill Capital Investment plans to target businesses in the industrials, technology, transportation, automotive, logistics, packaging, fintech, digital assets, and AI/AI infrastructure sectors.
Management's previous SPAC Vine Hill Capital Investment (VCIC; +10% from $10 offer price) raised $200 million in 2024, and announced its plan to merge with European digital asset manager CoinShares this past September.
Vine Hill Capital Investment II plans to list on the Nasdaq under the symbol VHCPU. Stifel acted as sole bookrunner on the deal.
