Schultze Special Purpose Acquisition Corp. II Announces Pricing of $150 Million Initial Public Offering
07 Octubre 2021 - 6:15PM
Schultze Special Purpose Acquisition Corp. II (the “Company”), a
special purpose acquisition company, today announced the pricing of
its initial public offering of 15,000,000 units at a price of
$10.00 per unit. The units are expected to be listed on the Nasdaq
Global Market (“Nasdaq”) and begin trading on October 8,
2021, under the ticker symbol “SAMAU”.
Each unit to be issued in the offering consists of one share of
the Company’s Class A common stock and one-half of one redeemable
warrant. Each whole warrant entitles the holder thereof to purchase
one share of Class A common stock at a price of $11.50 per share.
Once the securities comprising the units commence separate trading,
the Class A common stock and redeemable warrants are expected to be
listed on Nasdaq under the symbols “SAMA” and “SAMAW”,
respectively. No fractional warrants will be issued upon separation
of the units and only whole warrants will trade. The offering is
expected to close on October 13, 2021, subject to customary closing
conditions.
Stifel, Nicolaus & Company, Incorporated and Mizuho
Securities USA LLC are acting as joint book-running managers
for the offering. The Company has granted the underwriters a 45-day
option to purchase up to an additional 2,250,000 units to cover
over-allotments, if any.
A registration statement relating to the securities was declared
effective by the U.S. Securities and Exchange Commission (the
“SEC”) on October 7, 2021. The offering is being made only by means
of a prospectus, which forms a part of the registration statement.
Copies of the prospectus may be obtained, when available, for free
by visiting EDGAR on the SEC’s website at www.sec.gov.
Alternatively, copies may be obtained, when available, from Stifel,
Nicolaus & Company, Incorporated, Attention: Syndicate
Department, One South Street, 15th Floor, Baltimore, Maryland
21202, email: syndprospectus@stifel.com, or by telephone:
(855) 300-7136.
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.
About Schultze Special Purpose Acquisition Corp.
II
Schultze Special Purpose Acquisition Corp. II is a blank check
company formed for the purpose of entering into a merger, capital
stock exchange, asset acquisition, stock purchase,
recapitalization, reorganization or other similar business
combination with one or more businesses or entities. Although the
Company's search for a target business is not limited to a
particular industry or geographic region, it intends to initially
focus on pursuing business combinations with target companies that
may be experiencing liquidity constraints, are financially stressed
or have experienced and emerged from a financial
restructuring. The Company's sponsor is an affiliate of
Schultze Asset Management, LP, an alternative investment management
firm founded in 1998 that primarily focuses on distressed, special
situation and event-driven securities.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and search for an initial business combination. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
“Risk Factors” section of the Company’s registration statement and
preliminary prospectus for the initial public offering filed with
the SEC. Copies are available on the SEC’s
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Contacts
Schultze Special Purpose Acquisition Corp. II (914)
701-5260
George J.
Schultze, schultze@samco.net
Gary M.
Julien, gjulien@samco.net
Angela Lui, Managing Director, Business Development,
Schultze Asset Management,
alui@samco.net
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