BOA Acquisition Corp. II Announces the Separate Trading of Its Class A Ordinary Shares and Rights, Commencing on August 14, 2026

Rhea-AI Summary

BOA Acquisition Corp. II (Nasdaq: THEO) announced that, starting August 14, 2026, holders of its IPO units may elect to separately trade the included Class A ordinary shares and rights. The Class A ordinary shares will trade on Nasdaq under the symbol "THEO", and the rights will trade under "THEOR", while units that remain combined will continue to trade under "THEOU".

To separate units into shares and rights, holders must have their brokers contact Odyssey Transfer and Trust Company, the transfer agent. According to BOA Acquisition Corp. II, it is a special purpose acquisition company formed to pursue a business combination, with a stated focus on direct investments in real estate and infrastructure assets in the energy, telecommunications and transportation sectors. The units were offered in an underwritten IPO led by D. Boral Capital as sole book-running manager, following SEC effectiveness of the company’s Form S-1 registration statement on August 3, 2026.

Positive

• Separate trading of Class A shares and rights begins August 14, 2026
• Ordinary shares, rights, and units listed on Nasdaq as THEO, THEOR, and THEOU
• SPAC structure and SEC-effective S-1 registration provide a capital markets platform for a future business combination

Negative

• None.

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WASHINGTON, Aug. 13, 2026 /PRNewswire/ -- BOA Acquisition Corp. II (the "Company") today announced that, commencing on August 14, 2026, holders of the units (the "Units") sold in the Company's initial public offering may elect to separately trade the Company's Class A ordinary shares (the "Ordinary Shares") and rights (the "Rights") included in the Units.

The Ordinary Shares and Rights received from the separated Units will trade on The Nasdaq Stock Market ("Nasdaq") under the symbols "THEO" and "THEOR," respectively. Units that are not separated will continue to trade on Nasdaq under the symbol "THEOU." Holders of Units will need to have their brokers contact Odyssey Transfer and Trust Company, LLC, the Company's transfer agent, in order to separate the Units into Ordinary Shares and Rights.

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. While the Company may pursue an acquisition opportunity at any stage of development and in any industry or geography, the Company intends to focus its search on opportunities involving direct investments in real estate and infrastructure assets, particularly within the energy, telecommunications and transportation sectors.

The Units were initially offered by the Company in an underwritten offering. D. Boral Capital LLC acted as sole book-running manager of the offering. Copies of the prospectus relating to the offering may be obtained from D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, by email at dbccapitalmarkets@dboralcapital.com, or by telephone at (212) 970-5150.

The registration statement on Form S-1, as amended (File No. 333-290732), relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on August 3, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, 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." No assurance can be given that the Company will ultimately complete a business combination transaction. 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 offering filed with the U.S. Securities and Exchange Commission (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 release, except as required by law.

Contact

Benjamin A. Friedman
BOA Acquisition Corp. II
Phone: (888) 211-3261
Email: investors@friedmancap.com

View original content:https://www.prnewswire.com/news-releases/boa-acquisition-corp-ii-announces-the-separate-trading-of-its-class-a-ordinary-shares-and-rights-commencing-on-august-14-2026-302850882.html

SOURCE BOA Acquisition Corp. II

FAQ

When will BOA Acquisition Corp. II (Nasdaq: THEO) shares and rights start trading separately?

BOA Acquisition Corp. II shares and rights are scheduled to trade separately starting on August 14, 2026. According to BOA Acquisition Corp. II, holders of IPO units can then elect to divide units into Class A ordinary shares and rights, rather than trading only the combined units.

What are the Nasdaq ticker symbols for BOA Acquisition Corp. II units, shares, and rights?

According to BOA Acquisition Corp. II, Class A ordinary shares will trade under THEO, rights under THEOR, and units under THEOU. Units that are not separated will continue to trade as THEOU even after the separate trading of shares and rights begins.

How can BOA Acquisition Corp. II (THEO) unit holders separate their shares and rights?

Unit holders must instruct their brokers to contact Odyssey Transfer and Trust Company, the transfer agent, to separate units. According to BOA Acquisition Corp. II, only then can the embedded Class A ordinary shares and rights trade independently as THEO and THEOR on Nasdaq.

What is the business focus of BOA Acquisition Corp. II (THEO) as a SPAC?

According to BOA Acquisition Corp. II, the SPAC was formed to complete a business combination with one or more businesses. It intends to focus on direct investments in real estate and infrastructure, particularly across energy, telecommunications, and transportation sectors, without limiting itself to a specific geography.

Was the BOA Acquisition Corp. II (THEO) IPO registered with the SEC?

Yes, the BOA Acquisition Corp. II IPO securities were registered with the SEC via Form S-1. According to BOA Acquisition Corp. II, the registration statement (File No. 333-290732) was declared effective on August 3, 2026, enabling the underwritten offering of its units.

Who managed the BOA Acquisition Corp. II (THEO) underwritten unit offering?

According to BOA Acquisition Corp. II, the units were offered in an underwritten offering with D. Boral Capital acting as sole book-running manager. Investors can obtain the IPO prospectus directly from D. Boral Capital via its Madison Avenue office, email, or telephone contacts.