Software Acquisition Group Inc. II (SWAGU) Prices $200M IPO


Software Acquisition Group Inc. II (SWAGU) Prices $200M IPO

Jul 28, 2021 IPOs by Marlena Haddad

Software Acquisition Group Inc. II announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “SWAGU” Thursday, July 29.

The new SPAC aims to combine with a software target that has an enterprise value of $600 million or more along with compelling growth prospects. Software Acquisition Group II is led by Chairman, CEO, and CFO Jonathan S. Huberman along with VP of Acquisitions Mike Nikzad.

Total SPAC deal count for 2021 year-to-date is now 386. This offering is expected to close on Monday, August 2.

Jefferies is serving as the sole book-running managers for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.