Oyster Enterprises II Acquisition Corp Announces the Upsized Pricing of $220,000,000 Initial Public Offering

Rhea-AI Summary

Oyster Enterprises II Acquisition Corp has announced the upsized pricing of its IPO of 22,000,000 units at $10.00 per unit, totaling $220 million. The units will trade on Nasdaq under symbol "OYSEU" starting May 22, 2025. Each unit includes one Class A ordinary share and one right to receive 1/10 of a Class A share upon business combination completion.

The company is a blank check company targeting sectors including technology, media, entertainment, sports, consumer products, financial services, real estate, and hospitality, with a focus on AI and blockchain companies. Led by CEO Mario Zarazua and Chairman Heath Freeman, the company has granted underwriters a 45-day option to purchase up to 3,300,000 additional units. BTIG, LLC serves as the sole book-running manager for the offering.

Positive

• Upsized IPO raising $220 million, showing strong initial investor interest
• Diverse target sectors including high-growth areas like AI and blockchain
• Experienced management team with backgrounds in technology and media
• No warrant dilution, as the offering includes only share rights

Negative

• No specific acquisition target identified yet
• Typical SPAC risks including potential dilution upon business combination
• Limited time to complete a business combination before potential liquidation
• Competitive SPAC market may affect ability to find attractive targets

Insights

Financial Analyst

Oyster Enterprises II Acquisition Corp raises $220M in upsized SPAC IPO, targeting tech, media, entertainment, and AI acquisition opportunities.

Oyster Enterprises II Acquisition Corp has successfully priced its upsized IPO at $220 million, offering 22 million units at $10.00 per unit. This represents a significant capital raise in the SPAC market, particularly notable for its structure and focus areas.

The SPAC's unit structure is somewhat distinctive, consisting of one Class A ordinary share and one right to receive one-tenth of a share upon business combination completion, with no warrants included. This structure potentially offers less dilution compared to traditional SPAC offerings that include warrants, which may signal management's confidence in finding an attractive acquisition target.

Oyster has positioned itself with a broad yet strategic acquisition focus, targeting technology, media, entertainment, sports, consumer products, financial services, and real estate sectors. The explicit mention of AI companies and the blockchain ecosystem as potential targets aligns with current high-growth sectors that continue to attract significant investor interest.

The management team brings notable expertise, led by CEO Mario Zarazua and Chairman Heath Freeman, with additional board members including Divya Narendra, who has significant experience in the social media and fintech spaces. This leadership combination suggests strong networks in both traditional and emerging industries.

The 15% overallotment option (3.3 million additional units) granted to underwriters indicates healthy initial demand for this offering. With BTIG serving as the sole book-runner, this SPAC enters a market that has seen varying levels of activity following the boom-and-bust cycle of 2020-2021, suggesting potential confidence in the team's ability to execute a valuable business combination.

Miami, Florida, May 21, 2025 (GLOBE NEWSWIRE) -- Oyster Enterprises II Acquisition Corp (the “Company”) announced today the upsized pricing of its initial public offering of 22,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) and begin trading tomorrow, May 22, 2025, under the ticker symbol “OYSEU.” Each unit consists of one Class A ordinary share and one right (the “Share Right”) to receive one tenth (1/10) of one Class A ordinary share upon the consummation of an initial business combination.  There are no warrants issued publicly or privately in connection with this offering. Once the securities constituting the units begin separate trading, the Class A ordinary shares and Share Rights are expected to be listed on Nasdaq under the symbols “OYSE” and “OYSER,” respectively. The offering is expected to close on May 23, 2025, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments, if any.

The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business, industry, sector or geographical location, but is focused on industries that align with the background of the Company’s management team and advisor, including technology, media, entertainment, sports, consumer products, financial services, real estate and hospitality. The Company will also focus on AI companies positioned to complement or disrupt those industries, as well as companies within the digital assets and blockchain ecosystem.

The Company’s management team is led by Mario Zarazua, its Chief Executive Officer and Vice Chairman, and Heath Freeman, its Chairman. In addition, the Board includes Divya Narendra, Lief Haniford and Jordan Fliegel. Randall D. Smith is an Advisor to the Company, and Mike Rollins is the Chief Financial Officer.

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

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from BTIG, LLC, Attention: 65 East 55th Street, New York, New York 10022, or by email at ProspectusDelivery@btig.com, or by accessing the SEC's website, www.sec.gov.

A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on May 21, 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 and 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 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.

Company Contact:

Oyster Enterprises II Acquisition Corp
801 Brickell Avenue, 8^th Floor
Miami, Florida, 33131
Attn: Mario Zarazua, CEO and Vice Chairman
mario@oysteracquisition.com
(786) 744-7720
www.oysteracquisition.com

FAQ

What is the IPO price and size for Oyster Enterprises II Acquisition Corp (OYSEU)?

Oyster Enterprises II Acquisition Corp priced its IPO at $10.00 per unit for 22,000,000 units, raising $220 million in total. The offering includes an over-allotment option for underwriters to purchase up to 3,300,000 additional units.

When will OYSEU stock start trading on Nasdaq?

OYSEU units are expected to begin trading on the Nasdaq Global Market on May 22, 2025.

What industries is Oyster Enterprises II Acquisition Corp (OYSEU) targeting for acquisition?

The company is targeting technology, media, entertainment, sports, consumer products, financial services, real estate, hospitality, and companies within the AI and blockchain ecosystem.

Who is leading Oyster Enterprises II Acquisition Corp (OYSEU)?

The company is led by Mario Zarazua as Chief Executive Officer and Vice Chairman, and Heath Freeman as Chairman.

What does each OYSEU unit consist of?

Each unit consists of one Class A ordinary share and one right to receive one-tenth (1/10) of one Class A ordinary share upon the completion of an initial business combination. No warrants are included.