VectoIQ Acquisition Corp. II (VTIQU) Prices $300M IPO

VectoIQ Acquisition Corp. II announced the pricing of its $300 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “VTIQU” Thursday, January 7.

The new company aims to combine with an industrial technology, transportation or smart mobility business in the middle market. VectoIQ II is led by CEO Stephen Girsky, President and COO Mary Chan and CFO Steve Shindler.

Total SPAC deal count for 2021 year-to-date is now nine with $2 billion in gross proceeds raised. This offering is expected to close on Monday, January 11.

Cowen and Company, LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering. Greenberg Traurig LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. RSM US LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.