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SPAC Hicks Acquisition II plans $200 million IPO

September 22, 2010

Hicks Acquisition II, a blank check company organized by Thomas Hicks of Hicks Holdings, LLC, announced terms for its IPO on Monday. The Dallas, TX-based company plans to raise $200 million by offering 20 million units at an estimated price of $10 per unit and list on the OTC BB under the symbol HAC. Each unit consists of one share of common stock and one warrant entitling the holder to purchase one share of common stock at $12 per share. Citi and Deutsche Bank Securities are the lead underwriters on the deal, which is expected to price during the week of October 4.