Corporate ActionMay 14, 2026, 11:10 PM
Berto Acquisition Corp. II Prices IPO of 27.4M Units at $10.00
AI Summary
Berto Acquisition Corp. II announced the pricing of its initial public offering of 27,400,000 units at $10.00 per unit. The units are expected to begin trading on the Nasdaq Global Market under the symbol "GUACU" on May 15, 2026, with ordinary shares and warrants to trade separately as "GUAC" and "GUACW" respectively. The offering, led by experienced SPAC sponsor Harry You, is expected to close on May 18, 2026, and includes an over-allotment option for the underwriter.
Key Highlights
- Berto Acquisition Corp. II priced its initial public offering of 27,400,000 units at $10.00 per unit.
- Units are expected to list on Nasdaq under "GUACU" starting May 15, 2026.
- Ordinary shares ("GUAC") and warrants ("GUACW") will trade separately on Nasdaq.
- Underwriter has a 45-day option to purchase up to an additional 4,110,000 units.
- The offering is expected to close on May 18, 2026.
- The company is a blank check company led by Harry You, targeting AI and AI infrastructure.
- Harry You has sponsored ten previous SPACs and raised over $2 billion in capital.
- Needham & Company is acting as the sole book-running manager for the offering.