Stock market today: S&P 500 drops for fifth day as focus shifts to Powell’s speech
EQV Ventures Acquisition Corp. II (NYSE:EVACU, NYSE:EVAC, NYSE:EVACW) announced that it completed its initial public offering and private placement on July 3, 2025, according to a statement filed with the Securities and Exchange Commission.
The company offered 46,000,000 units in its IPO at $10.00 per unit, which included 4,000,000 units issued through the partial exercise of the underwriters’ over-allotment option. Additionally, EQV Ventures Sponsor II LLC and BTIG, LLC purchased a total of 787,857 units in a private placement, also at $10.00 per unit.
The total net proceeds from the IPO and certain private placement proceeds amounted to $460,000,000. These funds were placed in a trust account managed by Continental Stock Transfer & Trust Company for the benefit of public shareholders and underwriters.
According to the company’s amended and restated memorandum and articles of association, the proceeds in the trust account will not be released except for interest earned used for permitted withdrawals and up to $100,000 in liquidation expenses, if any. The funds may be released upon the earliest of the completion of an initial business combination, the redemption of public shares in connection with a shareholder vote to amend certain terms, or if the company is unable to complete a business combination within 24 months from the closing of the IPO, or an earlier date if approved by the board of directors.
An audited balance sheet as of July 3, 2025, reflecting the receipt of the offering proceeds, was included as an exhibit to the SEC filing.
EQV Ventures Acquisition Corp. II is incorporated in the Cayman Islands and is classified as a blank check company. Its units, Class A ordinary shares, and redeemable warrants are listed on the New York Stock Exchange under the symbols EVACU, EVAC, and EVACW, respectively.
All information is based on a press release statement included in the company’s SEC filing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.