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Media and tech-focused SPAC Virtuoso Acquisition 2 files for a $200 million IPO

November 24, 2021
VUSOU

Virtuoso Acquisition 2, the second blank check company led by the co-founders of Connoisseur Media targeting a media business, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering.

The company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.

The Westport, CT-based company is led by CEO and Director Jeffrey Warshaw and CFO and Director Michael Driscoll, who co-founded Connoisseur Media and currently serve as CEO and CFO, respectively. The company plans to target media businesses in the media, technology, technology-enabled, ad tech, data, and mobility sectors, focusing on those with enterprise values between $650 million and $1.5 billion.

Management's previous SPAC, Virtuoso Acquisition, completed its merger with auto data startup Wejo (WEJO; -26% from $10 offer price) in November 2021. 

The company was founded in 2021 and plans to list on the Nasdaq under the symbol VUSOU. Virtuoso Acquisition 2 filed confidentially on October 14, 2021. Cantor Fitzgerald and Moelis & Company are the joint bookrunners on the deal.