Colonnade Acquisition Corp. II (CLAA) Prices 30M Unit IPO at $10/Unit

March 10, 2021 5:57 AM EST

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Colonnade Acquisition Corp. II (NYSE: CLAA) announced today the pricing of its initial public offering of 30,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “CLAA.U” beginning on March 10, 2021. Each unit consists of one Class A ordinary share and one-fifth of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. After the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols “CLAA” and “CLAA WS,” respectively. The offering is expected to close on March 12, 2021.

Barclays Capital Inc. and Deutsche Bank Securities Inc. are acting as joint-book running managers of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 4,500,000 units at the initial public offering price to cover over-allotments, if any.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on March 9, 2021.

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