LIV Capital Acquisition II, the second blank check company led by LIV Capital Group targeting Mexico, filed on Thursday with the SEC to raise up to $100 million in an initial public offering.
The company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and three-fourths of a warrant, exercisable at $11.50. At the proposed deal size, LIV Capital Acquisition II would command a market value of $126 million.
LIV Capital Acquisition II is led by CEO and Chairman Alexander Rossi, Managing Partner of LIV Capital Group, and CFO Luis Rodrigo Clemente Gamero, CFO of LIV Capital Group. The company plans to leverage management's experience and target high-growth businesses in Mexico or with a significant presence in Mexico.
Management's previous SPAC, LIV Capital Acquisition, recently completed its merger with digital transformation services provider AgileThought (Nasdaq: AGIL; -50%) in August 2021.
The Molino del Rey, Mexico-based company was founded in 2021 and plans to list on the Nasdaq under the symbol LIVBU. LIV Capital Acquisition II filed confidentially on July 30, 2021. EarlyBirdCapital is the sole bookrunner on the deal.
