FinServ Acquisition Corp. II Announces Closing of $300,000,000 Initial Public Offering
February 22 2021 - 4:30PM
FinServ Acquisition Corp. II (the “Company”) announced today that
it closed its initial public offering of 30,000,000 units,
including 3,500,000 units issued pursuant to the exercise of the
underwriters’ over-allotment option, at $10.00 per unit. The units
are listed on the Nasdaq Capital Market (“Nasdaq”) under the ticker
symbol “FSRXU”. Each unit consists of one of the Company’s shares
of Class A common stock and one-quarter of one redeemable warrant,
each whole warrant entitling the holder thereof to purchase one
share of Class A common stock at a price of $11.50 per share. Only
whole warrants are exercisable. Once the securities
comprising the units begin separate trading, the shares of Class A
common stock and warrants are expected to be listed on Nasdaq under
the symbols “FSRX” and “FSRXW,” respectively.
The Company is a blank check company formed for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses. While the Company may pursue an initial
business combination target in any business or industry, it intends
to focus its search on businesses in the financial technology
(“FinTech”) and financial services industries. The Company is led
by Lee Einbinder, Chief Executive Officer, Howard Kurz, President,
and Steven Handwerker, Chief Financial Officer.
Citigroup Global Markets Inc. and Barclays Capital Inc. acted as
joint book running managers for the offering.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained, when available, from Citigroup
Global Markets Inc., 388 Greenwich Street, New York, NY, 10013,
Attn: General Counsel, fax no.: (646) 291-1469, and from Barclays
Capital Inc., 745 Seventh Avenue, New York, NY, 10019, Attn:
Syndicate Registration, fax no.: (646) 834-8133.
Registration statements relating to these securities have been
filed with the Securities and Exchange Commission (the “SEC”) and
became effective on February 17, 2021. This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such an offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and the anticipated use of the net proceeds. No
assurance can be given that the net proceeds of the offering will
be used as indicated. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company's registration statement and preliminary prospectus for
the offering filed with the SEC. Copies are available on the SEC's
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Contact Lee Einbinder Chief Executive Officer FinServ
Acquisition Corp. II lee@finservacquisition.com
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