Artius II Acquisition, the second blank check company backed by Artius Capital targeting the tech sector, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock, one right to receive one-tenth of a share upon the completion of an initial business combination, and one contingent right to receive a pro rata share of 1 million based on redemptions at the time of an initial business combination.
Artius II Acquisition is led by CEO, CFO, and Chairman Boon Sim, the founder and Managing Partner of Artius Capital, an investment firm focused on making private equity and growth investments in tech-enabled businesses. The SPAC plans to target tech-enabled businesses that directly or indirectly offer specific technology solutions, broader technology software and services, or financial services to companies of all sizes.
Sim's previous SPAC, Artius Acquisition, completed its initial business combination with chemical tech company Origin Materials (ORGN; -92% from $10 offer price) in 2021.
Artius II Acquisition plans to list on the Nasdaq under the symbol AACBU. Santander acted as sole bookrunner on the deal.
