Spartacus Acquisition Corp. II Announces Closing of $230,000,000 Initial Public Offering

Spartacus Acquisition Corp. II (Nasdaq: TMTSU) closed its initial public offering of 23,000,000 units at $10.00 per unit (including a full 3,000,000-unit overallotment) and began trading on Nasdaq on February 11, 2026.

Rhea-AI Summary

Spartacus Acquisition Corp. II (Nasdaq: TMTSU) closed its initial public offering of 23,000,000 units at $10.00 per unit (including a full 3,000,000-unit overallotment) and began trading on Nasdaq on February 11, 2026.

Each unit contains one Class A ordinary share and one-third of a redeemable warrant; whole warrants exercisable at $11.50. The company placed $230,000,000 in a trust account and intends to pursue business combinations focused on TMT sectors.

Positive

• $230,000,000 placed in trust account
• Closed offering of 23,000,000 units including full overallotment
• Units began trading on Nasdaq Feb 11, 2026

Negative

• Blank-check company has no identified business combination target
• Warrants exercisable at $11.50 may require significant share appreciation

Argus Feb 13 session

-0.20% close to close Open Argus

Details

News Market Reaction – TMTSU

On Feb 13, the first trading day after this news, TMTSU closed 0.20% below the previous close.

Data tracked by StockTitan Argus for the Feb 13 session.

Key Figures

IPO size (closed): $230,000,000 Units sold: 23,000,000 units Unit price: $10.00 per unit +5 more

IPO size (closed)

$230,000,000

Initial public offering of Spartacus Acquisition Corp. II units

Units sold

23,000,000 units

Total units in IPO including overallotment

Unit price

$10.00 per unit

IPO offering price for each TMTSU unit

Overallotment units

3,000,000 units

Full exercise of underwriters’ overallotment option

Warrant exercise price

$11.50 per share

Exercise price for each whole redeemable warrant

Trust funding

$230,000,000

Proceeds placed in trust account at $10.00 per public unit

Effective date

January 30, 2026

Registration statement declared effective by SEC

Prior IPO size (priced)

$200,000,000

IPO size from Feb 10, 2026 pricing announcement

Previous IPO,offering,acquisition Reports

1 past event · Latest: Feb 10

Same Type 1 event

1. Feb 10

   IPO pricing detail

   24h Move

   -12.1%

   Announced pricing of $200M IPO units and warrant structure ahead of listing.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

blank check company, redeemable warrant, overallotment option, trust account, +2 more

6 terms

blank check company financial

"The Company is a blank check company formed for the purpose of effecting a merger..."

A blank check company is a publicly listed shell that raises money from investors before naming a specific business to buy or merge with, similar to handing a cashier a signed check and asking them to fill in the payee later. It matters to investors because it offers a faster, often cheaper path for private firms to become public, but carries extra risk since returns depend on the organizers’ ability to find a good deal and on limited information about the future business.

redeemable warrant financial

"one-third of one redeemable warrant, each whole warrant entitling the holder..."

A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.

overallotment option financial

"including 3,000,000 units pursuant to the full exercise of the overallotment option..."

An overallotment option (often called a "greenshoe") is a pre-arranged allowance for underwriters to sell or buy up to a specified extra percentage of a company’s shares during an offering to meet unexpected demand or support the share price. Think of it as a short-term buffer: it helps reduce wild swings right after shares start trading but can slightly increase the total shares outstanding if the option is exercised, which matters to investors because it affects supply, price stability, and potential dilution.

trust account financial

"$230,000,000 (or $10.00 per unit sold in the public offering) was placed in the Company’s trust account."

A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.

registration statement regulatory

"A registration statement relating to the securities was filed with the Securities and Exchange Commission..."

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

prospectus regulatory

"The offering is being made only by means of a prospectus."

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Austin, TX, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Spartacus Acquisition Corp. II (the “Company”) announced today that it closed its initial public offering of 23,000,000 units, at $10.00 per unit, including 3,000,000 units pursuant to the full exercise of the overallotment option by the underwriters. The units began trading on the Nasdaq Capital Market (“Nasdaq”) on Wednesday, February 11, 2026 under the ticker symbol “TMTSU.” Each unit consists of one share of the Company’s Class A ordinary share and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A ordinary share at a price of $11.50 per share. Only whole warrants are exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, shares of the Class A ordinary share and warrants are expected to be listed on Nasdaq under the symbols “TMTS” and “TMTSW,” respectively.  

The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any stage of its corporate evolution or in any business industry or sector, it intends to focus its search on technology, media and telecommunications (“TMT”) companies. The Company is led by Chairman, Peter D. Aquino, Chief Executive Officer, Igor Volshteyn and Chief Financial Officer, Mark Szynkowski. In addition to Messrs. Aquino, Volshteyn and Szynkowski, the Board of Directors includes Christopher Downie, David Marshack and Eric Edidin.

BTIG, LLC acted as sole book-running manager of the offering. Odeon Capital Group, LLC acted as co-manager of the offering. The Klein Group, LLC (“The Klein Group”), an affiliate of M. Klein and Company, a global strategic advisory firm, acted as our capital markets advisor in connection with the offering. We also engaged The Klein Group to serve as our lead financial and M&A advisor and BTIG, LLC to serve as our co-financial and M&A advisor in connection with our initial business combination.

Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, $230,000,000 (or $10.00 per unit sold in the public offering) was placed in the Company’s trust account.

A registration statement relating to the securities was filed with the Securities and Exchange Commission (the “SEC”). and became effective on January 30, 2026. The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from BTIG, LLC, 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.

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 initial public offering and search for an initial business combination. No assurance can be given that the net proceeds of the offering 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 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. 

Contact
Igor Volshteyn
Chief Executive Officer
Spartacus Acquisition Corp. II
info@spartacus-ac.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Spartacus Acquisition Corp. II (TMTSU) announce on February 12, 2026?

They announced the closing of a 23,000,000-unit IPO at $10.00 per unit, including the full overallotment. According to the company, the units began trading on Nasdaq under TMTSU on February 11, 2026.

How much money was placed in the Spartacus Acquisition Corp. II (TMTSU) trust account?

The company placed $230,000,000 in its trust account from the IPO proceeds. According to the company, that equals $10.00 per public unit sold in the offering.

What does each Spartacus Acquisition Corp. II (TMTSU) unit include and what are the warrant terms?

Each unit includes one Class A share and one-third of a redeemable warrant; whole warrants exercise at $11.50. According to the company, only whole warrants will be issued or trade separately.

When will Spartacus Acquisition Corp. II (TMTSU) shares and warrants trade separately on Nasdaq?

The company expects shares and warrants to trade separately after unit separation, under symbols TMTS (shares) and TMTSW (warrants). According to the company, separate trading begins once securities separate.

What industries will Spartacus Acquisition Corp. II (TMTSU) target for a business combination?

Spartacus Acquisition Corp. II intends to focus its search on technology, media and telecommunications (TMT) companies. According to the company, it may consider targets at any stage across industries.

Who managed the Spartacus Acquisition Corp. II (TMTSU) offering and who served as advisors?

BTIG acted as sole book-running manager and Odeon Capital Group as co-manager; The Klein Group served as capital markets and M&A advisor. According to the company, BTIG and The Klein Group will advise on the initial business combination.