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Colonnade Acquisition Corp. II has successfully closed its initial public offering (IPO) of 33 million units, raising $330 million. The offering price was set at $10.00 per unit, with an additional 3 million units issued due to underwriters’ over-allotment. The units began trading on the NYSE under the ticker symbol CLAA.U. Each unit comprises one Class A ordinary share and a fifth of a redeemable warrant, which is exercisable at $11.50. The SEC declared the registration effective on March 9, 2021.
Colonnade Acquisition Corp II announced its initial public offering (IPO) of 30 million units at $10.00 each, set to trade on the NYSE under symbol CLAA.U beginning March 10, 2021. Each unit includes one Class A ordinary share and one-fifth of a redeemable warrant, with whole warrants exercisable at $11.50. The IPO is expected to close on March 12, 2021, with Barclays Capital and Deutsche Bank as joint managers. The underwriters have a 45-day option to purchase an additional 4.5 million units. The SEC declared the registration effective on March 9, 2021.
