ASCBR

A Spac II Acquisition Corp

A special purpose acquisition company, or SPAC — a "blank-check" firm that raises money from public investors with the single job of finding a private business to merge with and take public. The "II" in its name signals it's the second such vehicle its sponsors created, a common pattern among serial SPAC sponsors. Listed in the financial sector in the United States, it sits idle with cash in trust while it hunts for a merger target.

Right to purchase common stock