Alussa Energy Acquisition Corp. II Announces Pricing of $250,000,000 Initial Public Offering

Rhea-AI Summary

Alussa Energy Acquisition Corp. II (NYSE: ALUB) priced its initial public offering of 25,000,000 units at $10.00 per unit, raising up to $250,000,000. Units begin trading on November 13, 2025 under the symbol ALUB U. Each unit contains one Class A ordinary share and one-third of a redeemable warrant; whole warrants will trade later under ALUB WS and exercisable at $11.50 per share, subject to adjustments.

The company is a Cayman Islands blank-check company focused on energy and power infrastructure business combinations. Santander US Capital Markets acted as sole book-running manager; underwriters have a 45-day option to buy up to 3,750,000 additional units.

Positive

• IPO size of $250,000,000 at $10.00 per unit
• Listing begins on Nov 13, 2025 under ALUB U
• Underwriters granted 45-day 3,750,000-unit overallotment option

Negative

• Company is a blank-check vehicle with future business-combination uncertainty
• Warrants exercisable at $11.50 could affect future dilution

Insights

Capital Markets Analyst

Alussa Energy Acquisition Corp. II priced a $250,000,000 SPAC IPO of 25,000,000 units at $10.00; trading begins on November 13, 2025.

The company sold 25,000,000 units at $10.00 per unit, each unit containing one Class A ordinary share and one-third of a redeemable warrant exercisable at $11.50, and listed the units on the NYSE under "ALUB U" with expected separate listings as "ALUB" (shares) and "ALUB WS" (warrants). The offering includes a 45-day over-allotment option for 3,750,000 units and a registration statement that became effective on November 12, 2025.

The business mechanism is simple: the company is a Cayman Islands blank check vehicle raising cash to fund a future business combination, with stated focus on energy and power infrastructure. Key dependencies and risks are explicit: completion of a qualifying business combination, use of proceeds as described in the prospectus, and the contingencies noted in the Risk Factors and forward-looking statements; none of these outcomes is assured. Concrete items to watch in the near term are completion of the offering mechanics and any exercise of the 45-day over-allotment, the separate trading commencement on November 13, 2025, and filings or disclosures regarding targeted deal timelines and the prospectus-defined use of proceeds.

NEW YORK, NEW YORK, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Alussa Energy Acquisition Corp. II (the “Company”) announced today that it priced its initial public offering of 25,000,000 units at $10.00 per unit. The Company’s units will be listed on the New York Stock Exchange (“NYSE”) and will begin trading on November 13, 2025, under the ticker symbol “ALUB U.” Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NYSE under the symbols “ALUB” and “ALUB WS,” respectively.

The Company is a Cayman Islands exempted company, formed as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. While the Company may pursue an initial business combination target in any industry or geographic location, the Company intends to focus its search on high potential businesses in the energy and power infrastructure sectors.

Santander US Capital Markets LLC acted as the sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price to cover over-allotments, if any. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Santander US Capital Markets LLC, Attention: Capital Markets, 437 Madison Avenue, New York, New York 10022.

A registration statement relating to these securities was filed with the Securities and Exchange Commission (the “SEC”) and became effective on November 12, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements.” No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated in the offering prospectus. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact:

Ben Atkins
ben@alussaenergy.com

FAQ

When will ALUB units begin trading on NYSE and under what symbol?

Units begin trading on November 13, 2025 on NYSE under ALUB U.

How many units did ALUB price and at what offering size on Nov 13, 2025?

ALUB priced 25,000,000 units at $10.00 for a $250,000,000 offering.

What does each ALUB unit include and what is the warrant exercise price?

Each unit includes one Class A share and one-third of a warrant; whole warrants exercisable at $11.50 per share.

Will ALUB issue more units after the IPO and how many?

Underwriters have a 45-day option to buy up to 3,750,000 additional units at the IPO price.

What industry will ALUB target for its initial business combination?

The company intends to focus its search on high-potential businesses in energy and power infrastructure.

Who served as the lead manager for ALUB's IPO?

Santander US Capital Markets served as the sole book-running manager for the offering.