By Colombier Acquisition Corp. II, a special-purpose acquisition company (SPAC), has recently submitted a filing for an initial public offering (IPO) to the Securities and Exchange Commission. The company aims to raise $130 million through the issuance of 13 million units at $10 per unit.
Targeting Companies in the Growing Economy
This blank-check company is specifically looking to merge with a business operating in the “entrepreneurship, innovation, and growth economy” sector. Their ideal target company should have an enterprise value ranging from $150 million to $2 billion.
Details of the Offering
Each unit in the offering will consist of an ordinary share and one-third of a redeemable warrant. The warrant will allow the purchase of an additional share at a price of $11.50. If successful, Colombier will become publicly listed on the New York Stock Exchange under the ticker CLBR.
Merger Timeline
Colombier will have a two-year window following the completion of its IPO to finalize a merger with a target company. However, if it manages to establish a letter of intent or agreement in principle with another company, the timeline will be extended by an additional three months.
Building on Previous Success
Colombier Acquisition Corp. II’s predecessor, Colombier Acquisition Corp., recently completed a successful merger with PublicSq. Holdings in July. The combined company, now known as PSQ Holdings, is currently listed on the New York Stock Exchange.
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