Global Partner Acquisition Corp II Announces Pricing of $275 Million Upsized Initial Public Offering
January 11 2021 - 10:24PM
Global Partner Acquisition Corp II (“GPAC II” or the “Company”), a
blank check company formed for the purpose of entering into a
merger, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses, today announced the pricing of its initial public
offering of 27,500,000 units at a price of $10.00 per unit.
Although the Company may pursue a business combination target in
any business, industry or sector, the Company intends to focus its
efforts on completing a business combination with a company in one
of the following sectors: consumer; food; branded products;
e-commerce and retail disruptors; and the consumerization of
healthcare, as well as certain service sectors and the technology
driving changes across these sectors and related industries.
The units will be listed on the Nasdaq Capital Market (“Nasdaq”)
and trade under the ticker symbol “GPACU” beginning January 12,
2021. Each unit consists of (i) one Class A ordinary share, (ii)
one-sixth of one redeemable warrant and (iii) the contingent right
to receive, in certain circumstances, another one-sixth of one
redeemable warrant at the time of the Company’s initial business
combination. Each whole warrant entitles the holder thereof to
purchase one Class A ordinary share of the Company at a price of
$11.50 per share. Once the securities comprising the units begin
separate trading, the Class A ordinary shares and warrants are
expected to be listed on Nasdaq under the symbols “GPAC” and
“GPACW”, respectively. The offering is expected to close on January
14, 2021, subject to customary closing conditions.
UBS Securities LLC and RBC Capital Markets, LLC are acting as
joint book running managers for the offering. The Company has
granted the underwriters a 45-day option to purchase up to an
additional 2,500,000 units at the initial public offering price to
cover over-allotments, if any.
The offering is being made only by means of a prospectus. Copies
of the prospectus may be obtained from UBS Securities LLC,
Attention: Prospectus Department, 1285 Avenue of the Americas, New
York, NY 10019, or by telephone at (888) 827-7275 or email
atol-prospectusrequest@ubs.com, or RBC Capital Markets, LLC,
Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York,
NY 10281, or by telephone at (877) 822-4089 or email at
equityprospectus@rbccm.com.
A registration statement relating to the securities became
effective on January 11, 2021. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
other jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such state or other jurisdiction.
Cautionary Note Concerning Forward-Looking
Statements
This communication contains statements that constitute
“forward-looking statements,” including with respect to the closing
of the Company’s proposed initial public offering and the
anticipated use of the net proceeds from the offering. No assurance
can be given that the offering will be completed on the terms
described, or at all, or that the net proceeds will be used as
indicated. Forward-looking statements are subject to numerous risks
and uncertainties, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement and preliminary prospectus
relating to the offering, as filed with the U.S. Securities and
Exchange Commission (“SEC”). Copies are available on the SEC’s
website, www.sec.gov. The Company undertakes no obligation to
update these statements after the date of this release, except as
required by law.
About Global Partner Acquisition Corp II
Global Partner Acquisition Corp II is a blank check company
formed for the purpose of entering into a merger, share exchange,
asset acquisition, share purchase, reorganization or similar
business combination with one or more businesses. Although the
Company may pursue a business combination target in any business,
industry or sector, the Company intends to focus its efforts on
completing a business combination with a company in one of the
following sectors: consumer; food; branded products;
e-commerce and retail disruptors; and the consumerization of
healthcare, as well as certain service sectors and the technology
driving changes across these sectors and related industries. The
Company believes that its combined team’s capabilities were
demonstrated in the sourcing and completion of the GPAC I merger
with Purple Innovation Inc., as well as the team’s significant work
with Purple since the closing of that merger.
Contacts
Global Partner Acquisition Corp IIPaul Zepf(917) 244-4880
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