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Schultze Special Purpose Acquisition Corp. Ii
10.58
0.00 (0.00%)
Last Update: 20 Oct 2023 16:30:00
Yesterday: 10.58
Day's Range: 10.58 - 10.58
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When Written:
10.34
Schultze Special Purpose Acquisition Corp. II (SSPAU) is a blank check company that was incorporated in Delaware in 2020. The company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. SSPAU is sponsored by an affiliate of Schultze Asset Management, a private investment firm that specializes in distressed and special situation investments.
SSPAU raised $300 million in its initial public offering (IPO) in February 2021, selling 30 million units at $10 per unit. Each unit consists of one share of common stock and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one share of common stock at a price of $11.50 per share.
SSPAU is led by Chairman and CEO George Schultze, who is also the founder and managing member of Schultze Asset Management. The company's board of directors includes several experienced business leaders, including former CEO of J.C. Penney Jill Soltau and former CEO of The Hershey Company J.P. Bilbrey.
As of August 2021, SSPAU has not announced any potential acquisition targets.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
SSPAU raised $300 million in its initial public offering (IPO) in February 2021, selling 30 million units at $10 per unit. Each unit consists of one share of common stock and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one share of common stock at a price of $11.50 per share.
SSPAU is led by Chairman and CEO George Schultze, who is also the founder and managing member of Schultze Asset Management. The company's board of directors includes several experienced business leaders, including former CEO of J.C. Penney Jill Soltau and former CEO of The Hershey Company J.P. Bilbrey.
As of August 2021, SSPAU has not announced any potential acquisition targets.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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