AMCI Acquisition II, the second blank check company formed by AMCI Group targeting decarbonization and sustainability solutions, raised $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by CEO Nimesh Patel and President and Director Brian Beem, both of whom currently serve as Managing Directors and Co-Heads of Investments at AMCI Group. AMCI Managing Director Patrick Murphy is the SPAC's CFO, and AMCI Group co-founder Hans Mende serves as a Director.
The company plans to target businesses that provide decarbonization and/or sustainability solutions to the global industrial complex. Mende's previous SPAC, AMCI Acquisition, combined with fuel cell technology company Advent Technologies (ADN) this past February.
The Greenwich, CT-based company plans to list on the Nasdaq under the symbol AMCIU. Evercore ISI acted as sole bookrunner on the deal.
