DJ NextGen Acquisition Corp II Prices Public Offering
By Kimberly Chin
Blank-check company NextGen Acquisition Corp. II priced its initial public offering on Monday, according to documents filed with the U.S. Securities and Exchange Commission.
The company plans to offer 35 million units at $10 per unit. Each unit consists of one Class A common stock and one-fifth of a redeemable warrant. Each warrant enables the holder to purchase a Class A common stock for $11.50 a share.
NextGen said it could pursue a business combination in any business or one or more businesses with a focus on the industrial, technology and healthcare sectors.
The company's units will be listed on the Nasdaq Capital Market under the symbol NGCAU and will begin trading on Tuesday.
NextGen was founded by George Mattson and Gregory Summe.
Mr. Mattson is a former partner at Goldman Sachs Group Inc., where he helped form and co-headed the investment bank's global industrials group, building and maintaining relationships and advising on transactions for companies in the automotive, aerospace and defense, building and construction, paper and packaging, transportation and infrastructure, and other sectors.
Mr. Summe is the former chairman, chief executive officer and president of PerkinElmer Inc., a provider of products and services for the diagnostics, life sciences and applied markets. He also held roles at AlliedSignal, now a part of Honeywell International Inc., General Motors Co. and McKinsey & Co.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
March 22, 2021 19:52 ET (23:52 GMT)
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