Colonnade Acquisition Corp. II Completes $330 Million Initial Public Offering
March 12 2021 - 1:28PM
Business Wire
Colonnade Acquisition Corp. II (the “Company”) today announced
the closing of its initial public offering of 33,000,000 units,
including the issuance of 3,000,000 units pursuant to the
underwriters’ partial exercise of their over-allotment option. The
offering was priced at $10.00 per unit, resulting in gross proceeds
of $330,000,000.
Barclays Capital Inc. and Deutsche Bank Securities Inc. acted as
the joint-book running managers of the offering.
The Company’s units began trading on The New York Stock Exchange
(the “NYSE”) on March 10, 2021 under the ticker symbol “CLAA.U”.
Each unit consists of one Class A ordinary share and one-fifth of
one redeemable warrant, with each whole warrant exercisable to
purchase one Class A ordinary share at a price of $11.50 per share.
After the securities comprising the units begin separate trading,
the Class A ordinary shares and warrants are expected to be listed
on the NYSE under the symbols “CLAA” and “CLAA WS,”
respectively.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on March 9, 2021. 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 offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
The offering has been made only by means of a prospectus. Copies
of the prospectus relating to this offering have been obtainable
from Barclays Capital Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717, email:
barclaysprospectus@broadridge.com, telephone: 1-888-603-5847, or
Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall
Street, New York, NY 10005-2836, by email at
prospectus.CPDG@db.com, or by telephone at (800) 503-4611.
About Colonnade Acquisition Corp. II
Colonnade Acquisition Corp II is a blank check company
incorporated for the purpose of effecting a merger, share exchange,
asset acquisition, share purchase, reorganization or similar
business combination with one or more businesses. While the Company
may pursue a business combination target in any business or
industry, it intends to focus its search for a business combination
on businesses with favorable growth prospects, that provide
attractive risk-adjusted returns on invested capital, and offer
compelling valuations relative to their peers.
Cautionary Note 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.
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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210312005450/en/
Joseph S. Sambuco, Chairman of the Board of Directors (561)
712-7860
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