CTII.U News

Cerberus Telecom Acquisition II, the second blank check company formed by Cerberus Capital Management targeting the ICT industry, withdrew its plans for an initial public offering on Friday. It had filed in March 2021 to raise $250 million by offering 25 million units at $10. Each unit most recently contained one share of common stock and one-third of a warrant.  The company...read more

Cerberus Telecom Acquisition II, the second blank check company formed by Cerberus Capital Management targeting the ICT industry, lowered the proposed deal size for its upcoming IPO on Wednesday. The New York, NY-based company now plans to raise $250 million by offering 25 million units at $10. The company had previously filed to offer 50 million units at the same price. Each...read more

Cerberus Telecom Acquisition II, the second blank check company formed by Cerberus Capital Management targeting the ICT industry, filed on Monday with the SEC to raise up to $500 million in an initial public offering. The New York, NY-based company plans to raise $500 million by offering 50 million units at $10. Each unit consists of one share of common stock and one-fourth of...read more