ACABU News

Atlantic Coastal Acquisition II, a blank check company targeting the next-generation mobility sector, raised $261 million by offering 26.1 million units at $10. The company offered 1.1 million more units than anticipated. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. The company is led by ...read more

The start of December was marked with a quiet week. While there were no IPOs, SPACs remained active, with 12 blank check IPOs raising $2.3 billion. The pace of new filers also slowed heading into the final stretch of 2021, with just one IPO and six SPACs submitting initial filings. The week’s SPAC lineup was led by oil tank and shipping billionaire John Fredriksen’s...read more

Atlantic Coastal Acquisition II, a blank check company targeting the next-generation mobility sector, filed on Thursday with the SEC to raise up to $250 million in an initial public offering. The company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. Cantor Fitzgerald...read more