Oyster Enterprises II Acquisition Corp. (OYSEU) upsized its IPO at pricing to 22 million units – up from 20 million in the prospectus – and priced the deal at $10.00 per unit – as expected – to raise $220 million on Wednesday night, May 21, 2025. Each unit consists of one share of stock and one right to acquire one-tenth (1/10th) of a share upon consummation of the initial business combination, the prospectus said. Oyster Enterprises II is expected to start trading today – Thursday, May 22, 2025 – on the NASDAQ. Based on its name alone, it seems fitting that this SPAC is going public in the days counting down to the last of May. (Blue Oyster Cult fans, we see you.)
BTIG served as the sole book-runner.
Miami-based Oyster Enterprises II Acquisition Corp. intends to look for target companies involved in tech, media, entertainment, sports, consumer products, financial services, real estate, hospitality, AI, digital assets and blockchain, according to the prospectus. This SPAC is incorporated in the Cayman Islands.
Heath B. Freeman, chairman of Oyster Enterprises II’s board of directors, is one of the founding members of Alden Global Capital LLC. He has served as Alden Global Capital’s president since 2014. He is also the chairman of Tribune Enterprises, LLC, which owns and manages The Chicago Tribune, South Florida Sun Sentinel and The Hartford Courant. He is the vice chairman of MNG Enterprises, Inc., which owns and manages The Denver Post, San Jose Mercury News, the Orange County Register and the Boston Herald.
Mario A. Zarazua, is the CEO and vice chairman of the board of Oyster Enterprises II. Since 2015, he has worked in investment or senior executive roles at Alden Global, Smith Management LLC, or operating companies in which Alden Global was a majority owner.
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