Acies Acquisition II, a blank check company targeting live, location-based, and mobile experiential entertainment, filed on Tuesday with the SEC to raise up to $250 million in an initial public offering.
The Manhattan Beach, CA-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. At the proposed deal size, Acies Acquisition II would command a market value of $313 million.
The company is led by Co-CEOs Daniel Fetters and Edward King, both of whom worked in investment banking at Morgan Stanley for 20 years and most recently served as Managing Directors, and Chairman James Murren, the former Chairman and CEO of MGM Resorts International. The company plans to target the live, location-based, and mobile experiential entertainment industries, spanning live events, family entertainment, casino gaming, destination hospitality, sports, sports betting, and iGaming.
Management's previous SPAC, Acies Acquisition (ACAC; +7% from $10 offer price), went public in October 2020 and has a pending merger agreement with game developer PLAYSTUDIOS.
Acies Acquisition II was founded in 2021 and plans to list on the Nasdaq under the symbol ATWOU. Morgan Stanley, J.P. Morgan, and Oppenheimer & Co. are the joint bookrunners on the deal.
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