BOA Acquisition II, a blank check company targeting real estate and infrastructure, raised $125 million by offering 12.5 million units at $10. Each unit consists of one share of common stock, and one right to receive a share at the time of the 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 will trade on the Nasdaq under the symbol THEOU. D. Boral Capital acted as sole bookrunner on the deal.
