G Squared Ascend II Inc. (GSQB.U) Prices $125M IPO


G Squared Ascend II Inc. (GSQB.U) Prices $125M IPO

Jun 14, 2021 IPOs by Marlena Haddad

G Squared Ascend II Inc. announced the pricing of its $125 million IPO and its units are expected to begin trading on the NYSE under the symbol “GSQB.U” Tuesday, June 15.

The new SPAC aims to have a broad focus but combine with a target whose enterprise value is at least $1 billion. G Squared Ascend II is led by Chairman Larry Aschebrook, CEO Ward Davis and CFO Tim Hoban.

Total SPAC deal count for 2021 year-to-date is now 340. This offering is expected to close on Thursday, June 17.

UBS Investment Bank is acting as the sole book-running manager of the offering. Goodwin Procter LLP is serving as Issuer’s Counsel with Proskauer Rose LLP serving as Underwriter’s Counsel. WithumSmith+Brown PC serves as auditor.  Continental Stock Transfer & Trust Company is acting as trustee.