Atlas Crest Investment Corp. II has closed its upsized initial public offering of 34,500,000 units at a price to the public of $10.00 per unit, including 4,500,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option. This resulted in gross proceeds for the company of $345,000,000.
The company’s units are listed The New York Stock Exchange under the ticker symbol “ACII.U“. Each unit consists of one share of Class A common stock and one-fourth of one warrant, each whole warrant entitling the holder to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be traded on the NYSE under the symbols “ACII” and “ACII.WS,” respectively. The company is led by Ken Moelis, as Chairman, and Michael Spellacy, as Chief Executive Officer
Cantor Fitzgerald & Co. acted as the sole book-running manager of the offering.