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On December 1, 2021, VectoIQ Acquisition Corp. II (Nasdaq: VTIQU, VTIQ, VTIQW) received a deficiency letter from Nasdaq due to its failure to timely file its Quarterly Report on Form 10-Q for the quarter ending September 30, 2021. This delay was attributed to recent updates in guidance regarding founder shares accounting for special purpose acquisition companies. VectoIQ has until January 30, 2022, to submit a compliance plan to Nasdaq, which may allow for an extension up to May 23, 2022, to regain compliance, though acceptance of the plan is not guaranteed.
VectoIQ Acquisition Corp. II (Nasdaq: VTIQU) announced that holders of its initial public offering units can separately trade Class A common stock and warrants starting March 1, 2021. The IPO, completed on January 11, 2021, involved 34,500,000 units. Previously combined, the Class A common stock and warrants will now trade under the symbols VTIQ and VTIQW, respectively, while unseparated units will continue trading as VTIQU. The company aims to pursue business combinations in industrial technology, transportation, and smart mobility sectors.
VectoIQ Acquisition Corp. II announced the completion of its initial public offering, successfully raising $345 million by selling 34,500,000 units at $10.00 each. The offering included full exercise of the underwriters' over-allotment option. Trading commenced on the Nasdaq under the ticker symbol VTIQU on January 7, 2021. Each unit consists of one share and a fifth of a redeemable warrant, with potential future listing symbols VTIQ and VTIQW. Proceeds are designated for a merger or business combination, focusing on industries like industrial technology and smart mobility.