A Feb. 23 S-1 filing with the Securities and Exchange Commission (SEC) reveals plans for Acies Acquisition II. Acies is the name of the first SPAC created by Jim Murren and his partners. The sequel is planning an initial public offering (IPO) valued at $250 million (25 million units at $10 apiece), according to the regulatory document. The units will trade on the Nasdaq under the ticker “ATWOU.”
As is the case with all new blank-check filings, Acies II is careful to note that it hasn’t yet identified a merger partner and that such a deal may not materialize.