ACON S2 Acquisition Corp. (STWOU) Prices $250M IPO


ACON S2 Acquisition Corp. (STWOU) Prices $250M IPO

ACON S2 Acquisition Corp. announced the pricing of its $250 million IPO this afternoon and its units are currently trading on the Nasdaq under the symbol “STWO” today, Thursday, September 17th.

This new company aims to combine with target that has a novel and strategic approach to solving environmental, social or economic sustainability issues. ACON S2 is led by CEO and Director Adam Kriger alongside CFO, Chairman and Director John Roush.

Total SPAC deal count for 2020 year-to-date is now 102 with $40.1 billion in gross proceeds raised. This offering is expected to close on Monday, September 21.

Deutsche Bank Securities Inc., Cowen and Company, LLC and Stifel, Nicolaus & Company, Incorporated are serving as joint book-running managers for the offering.  Kirkland & Ellis LLP serve as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.