initial public offerings (IPOs) trading on American exchanges

Saturday, August 22, 2020

Software Acquisition Group II files $150M IPO

The Las Vegas, NV-based Software SPAC, Software Acquisition Group II (SAII) has filed IPO with SEC to raise $150M by issuing 15M units at $10/unit.

Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.

The second blank check company led by former Ooyala officers, CEO, CFO, and Chairman Jonathan Huberman, and VP of Acquisitions Mike Nikzad would command a market value of $188M at the proposed price.

The pair's first SPAC, Software Acquisition Group (NASDAQ:SAQNU) went public in November 2019 and recently merged with streaming platform CuriosityStream.

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