Colombier Acquisition Corp. II Announces Pricing of Upsized $150 Million Initial Public Offering
Colombier Acquisition Corp. II (the "Company," "Colombier II") today announced the pricing of its upsized initial public offering of 15,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange ("NYSE") and trade under the ticker symbol "CLBR.U" beginning on November 21, 2023. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. After the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols "CLBR" and "CLBR WS," respectively.
Colombier II is a blank check company formed for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While Colombier II may pursue an acquisition opportunity in any business, industry, sector or geographical location, it intends to focus on industries that complement the management team's background and network, such as companies categorized by Entrepreneurship, Innovation, and Growth ("EIG"), including but not limited to parallel economies, the return of products and services developed within the United States, sectors with impaired value due to certain investor mandates and businesses within regulated areas that are disrupting inefficiencies related thereto.
The team is led by seasoned capital markets professionals with experience in the EIG ecosystem including Chief Executive Officer and Chairman, Omeed Malik, Chief Financial Officer and Co-President, Joe Voboril, Chief Investment Officer and Co-President, Andrew Nasser and Chief Operating Officer, Jordan Cohen. The Company's board of directors includes Chris Buskirk, Founder and Chief Investment Officer of 1789 Capital; Candice Willoughby, Capital Markets Executive; Michael Seifert, Founder, Chief Executive Officer and Chairman of the Board of PSQ Holdings, Inc; and Ryan Kavanaugh, Co-Founder of Triller.
BTIG, LLC is acting as sole bookrunner and representative of the underwriters of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price less the underwriting discounts and commissions to cover over-allotments, if any.
The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from BTIG, LLC, Attention: 65 E. 55th Street, New York, New York 10022 or by email: [email protected].
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on November 20, 2023. 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 jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction.
Forward Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, 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 for the offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or change after the date of this release, except as required by law.
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