Churchill Capital Corp. II Prices $600M IPO

Churchill Capital Corp. II (CCX.U), announced the pricing of their upsized $600 million SPAC IPO this evening.  Churchill II’s units are expected to begin trading tomorrow, June 27th, under the symbol NYSE: CCX.U.

Churchill II will be searching for an acquisition with a broad focus, but will be aided by their “Operating Partners”, which are comprised of former senior operating executives of leading S&P 500 companies across multiple sectors and industries. Michael Klein, will be leading as Chairman of the Board of Directors.

Total SPAC deal count for 2019 year-to-date is now 28 with $6.78 billion in gross proceeds raised. The offering is expected to close on or about July 1, 2019.

Congratulations to all.

Citigroup acted as sole book-running manager, B. Riley FBR acted as co-manager.
Paul, Weiss, Rifkind, Wharton & Garrison LLP and Winston & Strawn LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively.