Spartan Acquisition Corp. II announced the pricing of its upsized $300 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “SPRQ.U” tomorrow, Wednesday, November 25.
The new company aims to combine with a target in the North American energy value chain. Spartan II is led by CEO and Director Geoffrey Strong alongside CFO and CAO James Crossen.
Total SPAC deal count for 2020 year-to-date is now 200 with $69.3 billion in gross proceeds raised. This offering is expected to close on Monday, November 30.
Citigroup, Credit Suisse and Cowen are acting as book-running managers and representatives of the underwriters. Morgan Stanley, Barclays and RBC Capital Markets are acting as book-running managers for the offering. TD Securities, MUFG and Siebert Williams Shank are acting as co-managers for the offering. Vinson & Elkins L.L.P. is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.