Mudrick Capital Acquisition Corporation II Announces Closing of Underwriter’s Option to Purchase Additional Units in Connec...
14 Diciembre 2020 - 5:20PM
Mudrick Capital Acquisition Corporation II (Nasdaq: MUDSU) (the
“Company”) announced today that it closed the issuance of an
additional 4,125,000 units pursuant to the exercise of the
underwriter’s option in full to purchase additional units in
connection with its initial public offering at $10.00 per unit,
resulting in gross proceeds of $41,250,000 and bringing the total
gross proceeds of the initial public offering to $316,250,000.
The Company’s units are listed on the Nasdaq
Capital Market (“Nasdaq”) and commenced trading under the ticker
symbol “MUDSU” on December 8, 2020. Each unit consists of one share
of the Company’s 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 will trade and are
exercisable. Once the securities comprising the units begin
separate trading, the shares of Class A common stock and warrants
are expected to be traded on Nasdaq under the symbols “MUDS” and
“MUDSW,” respectively.
The Company is 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. While the Company may
pursue an initial business combination target in any business or
industry, it intends to focus its search on post-restructured and
distressed companies. The Company is led by Chief Executive
Officer and Chairman of the Board of Directors, Jason Mudrick,
Chief Financial Officer, Glenn Springer, Vice President, Victor
Danh and Vice President, David Kirsch.
Jefferies LLC acted as sole book-running manager
of the offering.
Of the proceeds received from the exercise of
the option to purchase additional units and a simultaneous private
placement of additional private placement warrants, a total of
$41,868,750, comprised of $40,425,000 of proceeds from the sale of
the additional units and $1,443,750 of proceeds from the sale of
additional private placement warrants to Mudrick Capital
Acquisition Holdings II LLC, the Company’s sponsor, and Jefferies
LLC, was placed in the Company’s trust account.
Ellenoff Grossman & Schole LLP acted as
counsel to the Company and White & Case LLP acted as counsel to
the underwriter.
The offering was made only by means of a
prospectus. Copies of the prospectus relating to the offering may
be obtained from Jefferies LLC, Attention: Equity Syndicate
Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY
10022, or by telephone at 877-821-7388 or by email at
Prospectus_Department@Jefferies.com.
A registration statement relating to these
securities has been filed with, and declared effective by, the
Securities and Exchange Commission on December 7, 2020. 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.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the initial public offering, search for an initial business
combination and the anticipated use of the net proceeds. No
assurance can be given 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 the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement and prospectus for the
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.
Contact
Jason Mudrick Chief Executive Officer Mudrick Capital
Acquisition Corporation II (646) 747-9500
jmudrick@mudrickcapital.com
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