Artius II Announces $200 Million IPO with Innovative Structure
Deal News | Feb 12, 2025 | EIN
Artius II Acquisition Inc. has announced the pricing of its initial public offering (IPO) at $200 million, with each of the 20,000,000 units priced at $10.00. The units will be listed on Nasdaq under the symbol AACBU, with trading commencing from February 13, 2025. The IPO features an innovative tontine structure, with each unit comprising one Class A ordinary share, a right to a fraction of a share upon a business combination, and a contingent right to a share of one million distributable shares based on at-closing conditions. Santander will serve as the sole book-running manager, with a 45-day option to cover over-allotments of up to 3 million additional units. Artius II is a blank check company aiming to merge with a technology-enabled business. Founded by Boon Sim, the board includes Karen Richardson, Kevin Costello, and John Stein. The company aims to provide technological solutions or financial services through its acquisitions.
Sectors
- Financial Services
- Technology
Geography
- United States – The geographical focus is on the United States, as Artius II Acquisition Inc. is based in New York and the IPO is conducted on Nasdaq, a U.S.-based stock exchange.
Industry
- Financial Services – The article discusses an IPO, which is a key activity in the financial services industry, specifically related to capital markets and investment banking.
- Technology – Artius II aims to acquire technology-enabled businesses, indicating the company's focus within the technology industry.
Financials
- $200 million – The total amount expected to be raised by Artius II Acquisition Inc. through its initial public offering.
- $10.00 per unit – The per-unit price of Artius II's initial public offering.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Artius II Acquisition Inc. | Target Company | Company | A blank check company focused on merging with technology-enabled businesses. |
| Santander | Sole Book-Running Manager | Company | The financial institution managing the IPO offering for Artius II Acquisition Inc. |
| Boon Sim | Founder and Managing Partner of Artius Capital Partners LLC | Person | Founder of Artius II and Artius Acquisition Inc. |
| Karen Richardson | Board Member | Person | A board member of Artius II. |
| Kevin Costello | Board Member | Person | A board member of Artius II. |
| John Stein | Board Member | Person | A board member of Artius II. |