BOA Acquisition Corp. II Announces Closing of $143.75 Million Initial Public Offering
Rhea-AI Summary
BOA Acquisition Corp. II (Nasdaq: THEOU/THEO), a special purpose acquisition company, closed its $143.75 million initial public offering of 14,375,000 units at $10.00 per unit. The total includes 1,875,000 units issued upon the underwriter’s full exercise of its over-allotment option.
The units began trading on the Nasdaq Global Market under the symbol "THEOU" on August 4, 2026. Each unit consists of one Class A ordinary share and one right to receive one Class A ordinary share upon consummation of the company’s initial business combination. According to BOA Acquisition Corp. II, once the securities trade separately, it expects its Class A ordinary shares and warrants to be listed on Nasdaq under the symbols "THEO" and "THEOR", respectively.
The company was formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination, with an intended focus on direct investments in real estate and infrastructure assets in the energy, telecommunications and transportation sectors. D. Boral Capital acted as sole book-running manager, and the registration statement was declared effective by the SEC on August 3, 2026.
Positive
- IPO proceeds of $143.75 million from 14,375,000 units at $10.00
- Over-allotment option fully exercised for 1,875,000 additional units
- Nasdaq listing of units under symbol THEOU starting August 4, 2026
Negative
- None.
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The Company was 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 initial business combination in any business, industry, sector or geographical location, but the Company intends to focus its search on investment opportunities involving direct investments in real estate and infrastructure assets, particularly within the energy, telecommunications and transportation sectors.
D. Boral Capital LLC acted as sole book-running manager for the offering.
The public offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from D. Boral Capital LLC, 590 Madison Avenue, 39th Floor,
A registration statement relating to the securities was declared effective by the
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the anticipated use of the net proceeds from the offering and the Company's expectations regarding its ability to complete an initial business combination. No assurance can be given that the Company will ultimately complete a business combination transaction in the sector it is targeting, or at all. 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 prospectus for the Company's initial public offering filed with the SEC. Copies of these documents are available on the SEC's website, at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.
Contact
Benjamin A. Friedman
BOA Acquisition Corp. II
Email: investors@friedmancap.com
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SOURCE BOA Acquisition Corp. II