Nukkleus Inc. announced the pricing of the initial public offering of SC II Acquisition Corp.
SC II aims to raise $150 million through the sale of units at $10.00 per unit on the Nasdaq Global Market.
The offering consists of one Class A ordinary share and one right to receive one fifth of a share upon a business combination.
Pricing Details
SC II priced its units at $10.00 per share in the IPO.
Proceeds
SC II expects to raise $150 million through the offering.
Sponsorship
Nukkleus is the majority owner and sponsor of SC II.
Underwriters Option
Underwriters have an option to purchase an additional $22.5 million of units.
Listing
The units will be listed on the Nasdaq Global Market under the symbol SCIIU.
- The pricing of SC II at $10.00 per unit indicates the valuation set by Nukkleus for the SPAC.
- Raising $150 million suggests strong investor interest in SC II and confidence in Nukkleus' strategic direction.
Nukkleus Inc. successfully priced the SC II SPAC at $10.00 per unit, positioning itself for substantial proceeds and market presence. The involvement of Nukkleus as a strategic acquirer and sponsor underlines the company's commitment to advancing in the aerospace and defense sector.