Berto Acquisition Corp. II priced 27.4 million units at $10.00 each for its Nasdaq debut, exceeding initial size targets.
Berto Acquisition Corp. II priced its initial public offering at $274M, upsizing the deal to 27.4 million units at $10.00 per unit. The units will list on the Nasdaq Global Market under the ticker symbol GUACU.
The offering size reflects strong investor demand for special-purpose acquisition companies, or SPACs, amid a resurgence in blank-check listings. Pricing at $10.00 per unit aligns with typical SPAC structures, which often include warrants or rights to purchase additional shares.
Shares are expected to begin trading on May 1, marking another addition to the Nasdaq’s growing pipeline of new listings.