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Cerberus Telecom Acquisition II Withdrawn, NYSE: CTII.U

Second blank check company formed by Cerberus Capital Management targeting the ICT industry.

Industry: SPAC

Latest Trade: ()

First Day Return:

Return from IPO:

Industry: SPAC

We are a blank check company. Our sponsor is an affiliate of Cerberus Capital Management, L.P., together with its affiliated management and general partner entities, operations companies and loan servicing companies (collectively, “Cerberus”). Our sponsor was founded by Stephen A. Feinberg and certain senior executives of Cerberus. Stephen A. Feinberg founded Cerberus in 1992 and is currently its Co-Chief Executive Officer. Cerberus has become a global leader in alternative investing with approximately $56 billion in assets under management as of December 31, 2020 and expertise in private equity, credit and real estate. Over the course of its history, Cerberus has developed a group of senior information and communications technology (“ICT”) executives and investors with a proven track record of leading, investing in and growing large, scaled enterprises. Cerberus previously sponsored CTAC I, a blank check company formed for substantially similar purposes as our company, which completed its business combination with KORE Wireless on October 1, 2021. KORE Wireless is a global leader in Internet of Things solutions and worldwide Connectivity-as-a-Service. The combined company operates as KORE Wireless and is listed on the NYSE under the new ticker “KORE.”
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IPO News for Cerberus Telecom Acquisition II
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IPO Data
IPO File Date 03/15/2021
Offer Price
Price Range $10.00 - $10.00
Offer Shares (mm) 25.0
Deal Size ($mm) $250
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $10.00 - $10.00
Offer Shares (mm) 25.0
Deal Size ($mm) $250
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters New York, NY
Founded 2021
Employees 5
Website www.cerberus.com