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Switchback II Corporation has priced its upsized IPO of 27,500,000 units at $10.00 each, with trading set to begin on the NYSE under the ticker symbol SWBK.U on January 8, 2021. Each unit comprises one Class A ordinary share and one-fifth of a redeemable warrant, allowing the purchase of an additional share at $11.50. The underwriters are granted a 45-day option to buy up to 4,125,000 more units. The SEC approved the registration statement on January 7, 2021, and offering details will be provided through a prospectus.
Switchback II Corporation has launched its initial public offering (IPO) of 25,000,000 units at $10.00 per unit, with a 45-day option for underwriters to purchase an additional 3,750,000 units. Each unit includes one Class A ordinary share and one-fifth of a redeemable warrant, with a full warrant priced at $11.50 per share. The units are expected to be listed on the NYSE under SWBK.U, with Class A shares and warrants under SWBK and SWBK.WS respectively. Goldman Sachs is the sole book-running manager for the offering.