10X Capital Venture Acquisition II, the second blank check company formed by 10X Capital targeting a tech-enabled business, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
The company is led by CEO and Chairman Hans Thomas, the founder and CEO of venture firm 10X Capital, and COO and Director David Weisburd, a General Partner and co-head of venture capital at 10X Capital. The company plans to target high growth technology and tech-enabled businesses in the consumer internet, ecommerce, software, healthcare, transportation/mobility, and financial services industries, as well as other industries being disrupted by advances in technology including AI, automation, data science, ecommerce, and SaaS.
10X Capital Venture Acquisition II plans to list on the Nasdaq under the symbol VCXAU. Cantor Fitzgerald acted as a lead manager on the deal.
