NextGen Acquisition Corp II. has offered holders of the units sold in the company’s initial public offering of 38,259,457 units the option to elect to separately trade the Class A ordinary shares and redeemable warrants included in the units. Those units not separated will continue to trade on the Nasdaq Capital Market under the symbol “NGCAU,” and the Class A ordinary shares and redeemable warrants that are separated will trade on Nasdaq under the symbols “NGCA” and “NGCAW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the company’s transfer agent, in order to separate the units into Class A ordinary shares and redeemable warrants.
The company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company intends to focus on businesses in the industrial, technology and healthcare sectors.
Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC acted as joint book-running managers.