Churchill Capital Corp II, the second blank check company founded by dealmaker and former Citi executive Michael Klein, filed for its IPO on Monday.
The New York, NY-based company plans to raise $400 million by offering 40 million units at a price of $10, where it would command a market value of $500 million. One 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.
Churchill Capital Corp II was founded in 2019 and it plans to list on the NYSE. It has not selected a ticker yet. Citi is the sole bookrunner on the deal.
