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Artius II Acquisition Inc. (NASDAQ:AACBU), a special purpose acquisition company, announced on Monday that it has successfully completed its initial public offering (IPO), raising $220 million. The company, which operates in the blank check industry under the SIC code 6770, offered 22 million units, including 2 million units issued due to the underwriter’s partial exercise of its over-allotment option. According to InvestingPro data, the stock currently trades at $10.02 with notably low price volatility, maintaining stability near its IPO price.
Each unit, priced at $10, comprises one Class A ordinary share, one right to receive one-tenth of a Class A ordinary share, and one contingent right. Concurrently with the IPO, Artius II Acquisition conducted a private placement of 175,000 units at the same price to its sponsor, Artius II Acquisition Partners LLC, adding $1.75 million to the proceeds.
The total funds from the IPO and the private sale amounting to $220 million have been placed in a trust account with JPMorgan Chase (NYSE:JPM) Bank, overseen by Continental Stock Transfer & Trust Company as the trustee. In connection with these events, the company’s sponsor surrendered 250,000 Class B ordinary shares for no consideration due to the partial exercise of the over-allotment option.
Artius II Acquisition, headquartered at 3 Columbus (WA:CLC) Circle, New York, has also released an audited balance sheet dated February 14, 2025, which reflects the receipt of proceeds following the IPO and private placement. This financial statement is included as Exhibit 99.1 in the Form 8-K filed with the Securities and Exchange Commission.
The company’s Class A ordinary shares and rights are listed on The Nasdaq Stock Market under the ticker symbols AACB and AACBR, respectively. As an emerging growth company, Artius II Acquisition has the option to comply with new or revised accounting standards using extended transition periods. InvestingPro analysis reveals the company is not yet profitable, with a basic EPS of -$0.04, and does not currently pay dividends to shareholders. For deeper insights into the company’s financial health and growth potential, including exclusive ProTips and comprehensive financial metrics, investors can access detailed analysis through InvestingPro’s advanced tools.
This news is based on a press release statement.
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