Silver Spike Acquisition Corp II (SPKBU) Prices $250M IPO


Silver Spike Acquisition Corp II (SPKBU) Prices $250M IPO

Silver Spike Acquisition Corp II announced the pricing of its $250 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SPKBU”, Thursday, March 11.

The new company aims to combine with a target in the cannabis industry that is compliant with applicable laws and regulations in its jurisdictions. Silver Spike II is led by Chairman and CEO Scott Gordon, President William Healy and CFO Gregory M. Gentile.

Total SPAC deal count for 2021 year-to-date is now 243. This offering is expected to close on Monday, March 15.

Credit Suisse Securities (USA) LLC and Stifel, Nicolaus & Company are acting as joint book-running managers for the offering. Davis Polk & Wardwell LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.