{"id":538267,"date":"2021-09-14T18:22:36","date_gmt":"2021-09-14T22:22:36","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ciig-capital-partners-ii-inc-announces-pricing-of-upsized-250000000-initial-public-offering\/"},"modified":"2021-09-14T18:22:36","modified_gmt":"2021-09-14T22:22:36","slug":"ciig-capital-partners-ii-inc-announces-pricing-of-upsized-250000000-initial-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ciig-capital-partners-ii-inc-announces-pricing-of-upsized-250000000-initial-public-offering\/","title":{"rendered":"CIIG Capital Partners II, Inc. Announces Pricing of Upsized $250,000,000 Initial Public Offering"},"content":{"rendered":"
\n

New York, NY, Sept. 14, 2021 (GLOBE NEWSWIRE) — CIIG Capital Partners II, Inc. (\u201cCIIG II\u201d), a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, announced today that it priced its upsized\u00a0initial public offering of\u00a025,000,000 units at $10.00 per unit. While CIIG II may pursue an initial business combination target in any business or industry, it intends to focus its search on companies in technology, media, telecommunications and sustainability (\u201cTMTS\u201d) industries. \u00a0CIIG II is led by Executive Chairman, Peter Cuneo, Co-Chief Executive Officer, Michael Minnick, and Co-Chief Executive Officer, Gavin Cuneo. \u00a0CIIG II\u2019s independent directors include David Flowers, Kristen O\u2019Hara, Chris Rogers and Kenneth West.<\/p>\n

The units will be listed on the Nasdaq Global Market (\u201cNasdaq\u201d) and will begin trading tomorrow, Wednesday, September 15, 2021, under the ticker symbol \u201cCIIGU.\u201d Each unit consists of one share of CIIG II\u2019s Class A common stock and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, shares of the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols \u201cCIIG\u201d and \u201cCIIGW,\u201d respectively.<\/p>\n

The offering is expected to close on September 17, 2021, subject to customary closing conditions.<\/p>\n

UBS Investment Bank, Barclays, and LionTree are acting as the joint book-running managers for the offering. CIIG has granted the underwriters a 45-day option to purchase up to an additional\u00a03,750,000 units at the initial public offering price to cover over-allotments, if any.<\/p>\n

The offering is being made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering and final prospectus, when available, may be obtained from UBS Securities LLC, Attn: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, telephone: (888) 827-7275 or email: ol-prospectusrequest@ubs.com<\/a>; Barclays, c\/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, email: barclaysprospectus@broadridge.com<\/a>, tel: (888) 603-5847; and LionTree Advisors LLC, 660 Madison Avenue, New York, NY 10065.<\/p>\n

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission (\u201cSEC\u201d) on September 14, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.<\/p>\n

FORWARD-LOOKING STATEMENTS<\/p>\n

This press release contains statements that constitute \u201cforward-looking statements,\u201d including with respect to the initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of CIIG II, including those set forth in the Risk Factors section of CIIG II\u2019s registration statement and preliminary prospectus for the offering filed with the Securities and Exchange Commission. Copies are available on the SEC\u2019s website, www.sec.gov. <\/a>CIIG undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.<\/p>\n

Contact <\/p>\n

CIIG Capital Partners II, Inc.
info@ciigpartners.com<\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

New York, NY, Sept. 14, 2021 (GLOBE NEWSWIRE) — CIIG Capital Partners II, Inc. (\u201cCIIG II\u201d), a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, announced today that it priced its upsized\u00a0initial public offering of\u00a025,000,000 units at $10.00 per unit. While CIIG II may pursue an initial business combination target in any business or industry, it intends to focus its search on companies in technology, media, telecommunications and sustainability (\u201cTMTS\u201d) industries. \u00a0CIIG II is led by Executive Chairman, Peter Cuneo, Co-Chief Executive Officer, Michael Minnick, and Co-Chief Executive Officer, Gavin Cuneo. \u00a0CIIG II\u2019s independent directors include David Flowers, Kristen O\u2019Hara, … <\/p>\n

Continue reading “CIIG Capital Partners II, Inc. Announces Pricing of Upsized $250,000,000 Initial Public Offering”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-538267","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCIIG Capital Partners II, Inc. 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