Sandbridge X2 Corp. (SBII.U) Prices Upsized $220M IPO


Sandbridge X2 Corp. (SBII.U) Prices Upsized $220M IPO

Sandbridge X2 Corp. announced the pricing of its upsized $220 million IPO and its units are expected to begin trading on the NYSE under the symbol “SBII.U”, Wednesday, March 10.

The new company aims to combine with a consumer target driving the adoption of digital products and services. Sandbridge X2 is led by Chairman and CEO Ken Suslow, CFO Richard Henry and COO Joe Lamastra.

Total SPAC deal count for 2021 year-to-date is now 235. This offering is expected to close on Friday, March 12.

Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are acting as joint book-running managers. Academy Securities, Inc., Drexel Hamilton, LLC, Roberts and Ryan Investments Inc., Siebert Williams Shank & Co., LLC and R. Seelaus & Co., LLC are acting as co-managers. Ropes & Gray LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.