Spartacus Acquisition II, a blank check company targeting the TMT industries, raised $200 million by offering 20 million units at $10. 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 Chairman Peter Aquino, the founder and Partner of Mercury Access Group, former Chairman of SeaChange International, and former CEO of Internap, and CFO Igor Volshteyn, who serves as CEO of CCUR Holdings, Symbolic Logic, and Tiber Ventures. The SPAC plans on leveraging its management team's experience to target the telecommunications, media, and technology (TMT) industry.
Management's previous, SPAC Spartacus Acquisition, merged with GPS technology provider NextNav (NN; +65% from $10 offer price) in October 2021.
Spartacus Acquisition II plans to list on the Nasdaq under the symbol TMTSU. BTIG acted as sole bookrunner on the deal.
