EQV Ventures Acquisition Corp. II Announces the Pricing of Upsized $420 Million Initial Public Offering

Rhea-AI Summary

EQV Ventures Acquisition Corp. II (NYSE:EVACU) has announced the pricing of its upsized initial public offering (IPO) of 42 million units at $10.00 per unit, increased from the initially planned 35 million units. The total offering size amounts to $420 million.

Each unit comprises one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant allows holders to purchase one Class A ordinary share at $11.50 per share. The units will trade on the NYSE under "EVACU," while the Class A shares and warrants will later trade separately under "EVAC" and "EVACW" respectively.

BTIG, LLC serves as the sole book-running manager and has been granted a 45-day option to purchase up to 6.3 million additional units to cover over-allotments. The offering is expected to close on July 3, 2025. The SPAC is sponsored by an affiliate of the EQV Group and aims to enter into a business combination with one or more businesses.

Positive

• Successfully upsized IPO from 35 million to 42 million units
• Substantial offering size of $420 million raised
• 45-day over-allotment option for additional 6.3 million units
• Secured NYSE listing for trading

Negative

• No specific target business identified yet for combination
• Investment depends on future successful business combination
• Warrants only exercisable in whole units, not fractions

Insights

SPAC and IPO Financial Specialist

EQV Ventures Acquisition Corp. II upsized its SPAC IPO to $420M from $350M, preparing to seek acquisition targets.

EQV Ventures Acquisition Corp. II has successfully priced its initial public offering at $10.00 per unit, raising a total of $420 million—significantly upsized from the originally planned $350 million. This 20% increase in offering size signals strong investor demand for this SPAC vehicle backed by the EQV Group.

The structure follows the standard SPAC formula: each unit contains one Class A ordinary share plus one-third of a warrant (exercisable at $11.50). Trading begins July 2 on the NYSE under symbol "EVACU" before eventually separating into shares ("EVAC") and warrants ("EVACW").

The upsized offering provides the SPAC with substantial additional capital for its eventual business combination target. While no specific acquisition target has been identified yet, the increased capital base expands their potential target universe to larger private companies seeking public markets access without traditional IPO processes.

BTIG is serving as the sole bookrunner, and they've been granted a 45-day option to purchase up to 6.3 million additional units to cover potential overallotments—which could further increase the total raised by $63 million if fully exercised.

SPACs typically have 18-24 months to complete a business combination before returning capital to investors, creating a defined timeline for the management team to identify and execute an acquisition.

PARK CITY, UTAH, July 01, 2025 (GLOBE NEWSWIRE) -- EQV Ventures Acquisition Corp. II (the “Company”), a special purpose acquisition company sponsored by an affiliate of the EQV Group, and formed for the purpose of entering into a business combination with one or more businesses, announced today the pricing of its initial public offering of 42,000,000 units, upsized from 35,000,000 units, at a price of $10.00 per unit. The units are expected to be listed on the New York Stock Exchange (“NYSE”) and begin trading tomorrow, July 2, 2025, under the ticker symbol “EVACU.”

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 ticker symbols “EVAC” and “EVACW,” respectively.

BTIG, LLC is acting as sole book-running manager for the offering.

The Company has granted the underwriter a 45-day option to purchase up to an additional 6,300,000 units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on July 3, 2025, subject to customary closing conditions.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: BTIG, LLC, 65 East 55th Street New York, New York 10022, Attn: Syndicate Department, or by email at ProspectusDelivery@btig.com.

Registration statements relating to these securities have been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on July 1, 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,” including with respect to the proposed initial public offering, the anticipated use of the net proceeds, and the search for an initial business combination. 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.

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 Company’s initial public offering filed with the SEC. Copies of these documents 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.

Investor Contacts

IR@eqvventures.com

FAQ

What is the IPO price for EQV Ventures Acquisition Corp. II (EVACU)?

EQV Ventures Acquisition Corp. II priced its IPO at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-third of one redeemable warrant.

How much money did EVACU raise in its IPO?

EVACU raised $420 million through the offering of 42 million units, upsized from the initially planned 35 million units.

What is the warrant exercise price for EVACU shares?

Each whole warrant entitles holders to purchase one Class A ordinary share at $11.50 per share, subject to certain adjustments.

When will EVACU start trading on the NYSE?

EVACU units are expected to begin trading on the New York Stock Exchange (NYSE) on July 2, 2025, under the ticker symbol 'EVACU'.

Who is the underwriter for the EVACU IPO?

BTIG, LLC is acting as the sole book-running manager for the offering.

What are the trading symbols for EVACU's securities?

The units will trade as 'EVACU', while after separation, the Class A ordinary shares and warrants will trade as 'EVAC' and 'EVACW' respectively on the NYSE.