Novus Capital Corporation II (NXU.U) Prices $250M IPO


Novus Capital Corporation II (NXU.U) Prices $250M IPO

Novus Capital Corporation II. announced the pricing of its $250 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “NXU.U” Thursday, February 4.

The new company aims to combine with a business helping to evolve industries with smart technology valued between $500 million and $1.5 billion. Novus II is led by CEO Robert J. Laikin, Chairman Larry M. Paulson and CFO Vincent Donargo.

Total SPAC deal count for 2021 year-to-date is now 103 with $29.87 billion in gross proceeds raised. This offering is expected to close on Monday, February 8.

Cowen and Company LLC is acting as the sole book-running manager for the offering. Blank Rome LLP is serving as Issuer’s Counsel with Greenberg Traurig LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.