Colonnade Acquisition Corp. II (CLAA.U) Prices $300M IPO


Colonnade Acquisition Corp. II (CLAA.U) Prices $300M IPO

Colonnade Acquisition Corp. II announced the pricing of its $300 million IPO and its units are expected to begin trading on the NYSE under the symbol “CLAA.U”, Wednesday, March 10.

The new company aims to combine with a target that offers favorable growth prospects and provides attractive risk-adjusted returns. Colonnade II is led by Chairman Joseph S. Sambuco and CEO Remy W. Trafelet.

Total SPAC deal count for 2021 year-to-date is now 236. This offering is expected to close on Friday, March 12.

Barclays Capital Inc. and Deutsche Bank Securities Inc. are acting as joint-book running managers of the offering. White & Case LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.