Each unit consists of one Class A common share and one-half of one redeemable warrant, exercisable at $11.50.
B. Riley has a 45-day option to purchase up to an additional 2.25M units to cover over-allotments.
The units will be listed on the Nasdaq and will begin trading of September 15, under the ticker symbol “SAIIU.”
B. Riley Securities is acting as sole book-runner.
Closing date is September 17.
Previously: Software Acquisition Group II files $150M IPO (Aug. 21)