ARC Group Securities Acquisition II, a blank check company targeting technology, healthcare, and logistics industries, lowered the proposed deal size for its upcoming IPO on Tuesday.
The Tempe, AZ-based company now plans to raise $100 million by offering 10 million units at $10. Each unit now consists of one share of common stock, one warrant exercisable at $11.50, and one right to receive one-fourth of one ordinary share upon the consummation of an initial business combination. The company had previously filed to offer 15 million units at the same proposed price with one-half of one warrant. At the revised deal size, ARC Group Securities Acquisition II will raise -33% less in proceeds than previously anticipated.
ARC Group Securities Acquisition II is now led by CEO and Chairman Arham Rahman, the former CEO of Malaysian Investment Development. He is now joined by CFO Daniel Mace, a former Partner at BakerTilly. The SPAC intends to target technology, healthcare, and logistics businesses with an aggregate enterprise value of $700 million or greater.
ARC Group Securities Acquisition II was founded in 2025. It plans to list on the NYSE, although it has not yet selected a symbol (RC ticker: FDAR.RC). Arc Group Securities is the sole bookrunner on the deal.
