NEW YORK–(BUSINESS WIRE)–Silver Spike Acquisition Corp II (the “Firm”) introduced at this time that it priced its preliminary public providing of 25,000,000 models at $10.00 per unit. The models are anticipated to be listed on The Nasdaq Capital Market (“Nasdaq”) and commerce beneath the ticker image “SPKBU” starting on March 11, 2021. Every unit consists of 1 Class A abnormal share and one-fourth of 1 redeemable warrant. Every complete warrant entitles the holder thereof to buy one Class A abnormal share at a value of $11.50 per share. Solely complete warrants are exercisable. As soon as the securities comprising the models start separate buying and selling, the Class A abnormal shares and redeemable warrants are anticipated to be listed on Nasdaq beneath the symbols “SPKB” and “SPKBW,” respectively.
The Firm was fashioned for the aim of effecting a merger, amalgamation, share change, asset acquisition, share buy, reorganization or comparable enterprise mixture with a number of companies. The Firm intends to concentrate on companies within the hashish trade which are compliant with all relevant legal guidelines and laws throughout the jurisdictions through which they’re situated or function. The administration crew and board of administrators are composed of veteran hashish and finance trade executives and founders, together with Scott Gordon, founder and CEO of the Firm, who started investing within the hashish trade in 2014 and in 2016 co-founded Egg Rock Holdings, father or mother firm of the Papa & Barkley household of hashish merchandise with associated subsidiary belongings in manufacturing, processing and logistics and served as its Chairman till 2019; and Dr. Orrin Devinsky, director of the Firm, who’s the director of the NYU Langone Complete Epilepsy Middle and is a Professor of Neurology, Neuroscience, Psychiatry and Neuroscience on the NYU Faculty of Drugs and who, since 2016 has served because the Chair of the Medical Advisory Board at Tilray, a pharmaceutical and hashish firm.
Credit score Suisse and Stifel are performing as joint book-running managers of the providing. The Firm has granted the underwriters a 45-day choice to buy as much as an extra 3,750,000 models on the preliminary public providing value to cowl over-allotments, if any.
The providing is being made solely by the use of a prospectus. When accessible, copies of the prospectus could also be obtained from Credit score Suisse Securities (USA) LLC, Attn: Prospectus Division, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, Phone: 1-800-221-1037, E-mail: email@example.com or Stifel, Nicolaus & Firm, Integrated, Attn: Syndicate Division, One South Road, fifteenth Ground, Baltimore, Maryland 21202, 1-855-300-7136, E-mail: firstname.lastname@example.org.
A registration assertion regarding the securities was declared efficient by the U.S. Securities and Change Fee (the “SEC”) on March 11, 2021. This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase, nor shall there be any sale of those securities in any state or jurisdiction through which such provide, solicitation or sale can be illegal previous to registration or qualification beneath the securities legal guidelines of any such state or jurisdiction.
This press launch comprises statements that represent “forward-looking statements,” together with with respect to the proposed preliminary public providing and the anticipated use of the web proceeds. No assurance could be on condition that the providing mentioned above shall be accomplished on the phrases described, or in any respect, or that the web proceeds of the providing shall be used as indicated. Ahead-looking statements are topic to quite a few situations, a lot of that are past the management of the Firm, together with these set forth within the Danger Elements part of the Firm’s registration assertion and preliminary prospectus for the Firm’s providing filed with the SEC. Copies of those paperwork can be found on the SEC’s web site, www.sec.gov. The Firm undertakes no obligation to replace these statements for revisions or modifications after the date of this launch, besides as required by regulation.