INSU Acquisition Corp. II (NASDAQ:INAQU) announced that starting October 23, 2020, holders of its units can trade Class A common shares and warrants separately. The units will continue to trade under the symbol 'INAQU,' while the Class A shares and warrants are expected to trade under 'INAQ' and 'INAQW'. A registration statement for these securities was effective as of September 2, 2020. The press release also includes a forward-looking statement disclaimer, highlighting conditions impacting the initial public offering.
Cohen & Company and INSU Acquisition Corp. II announced the successful completion of an initial public offering (IPO) on September 3, 2020. A total of 23,000,000 units were sold at $10.00 each, raising $230,000,000, including 3,000,000 units from the underwriters' over-allotment. Each unit comprises one Class A common stock share and one-third of a warrant, with whole warrants exercisable at $11.50. The IPO was managed by Cantor Fitzgerald & Co. and Northland Capital Markets. The Company is focused on acquiring businesses in the insurance sector.
INSU Acquisition Corp. II (NASDAQ: INAQU) announced its upsized initial public offering of 20 million units priced at $10.00 each, generating $200 million in gross proceeds. The units will trade on the Nasdaq Capital Market starting September 3, 2020. Each unit includes one share of Class A common stock and one-third of a warrant, with whole warrants exercisable at $11.50 per share. The offering's completion is expected by September 8, 2020, subject to customary conditions, with Cantor Fitzgerald & Co. as the sole book-running manager. A registration statement became effective on the same day.