K&F Growth Acquisition II, a blank check company targeting in-person and mobile experiential entertainment, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one right to receive one-fifteenth of a share upon the completion of an initial business combination.
The company is led by Co-CEOs and Co-Chairs Daniel Fetters and Edward King, both of whom worked in investment banking at Morgan Stanley for 20 years and most recently served as Managing Directors. The company plans to target businesses within the experiential entertainment industry across both location-based (in-person) and mobile channels, such as live events, integrated resorts, family entertainment, and casinos, among others.
Management's previous SPAC, Acies Acquisition, completed its combination with game developer PLAYSTUDIOS (Nasdaq: MYPS; -83% from $10 offer price) in 2021.
K&F Growth Acquisition II plans to list on the Nasdaq under the symbol KFIIU. BTIG acted as sole bookrunner on the deal.
