Pivotal Investment Corporation II, a blank check company founded by acquisition veteran Jonathan Ledecky, filed on Friday with the SEC to raise up to $200 million in an initial public offering.
The New York,NY-based company plans to raise $200 million by offering 20 million units at a price of $10. At $10, Pivotal Investment II would command a market value of $250 million. Each unit consists of one share of common stock and one-third of one warrant to purchase a share of common stock at $11.50 per share.
Pivotal Investment II was founded in 2019 and plans to list on the NYSE under the symbol PIC.U. Cantor Fitzgerald and BTIG are the joint bookrunners on the deal.
