NEW YORK, Aug. 12, 2021 /PRNewswire/ -- Avista Public
Acquisition Corp. II (the "Company"), a special purpose acquisition
company formed for the purpose of entering into a combination with
one or more businesses, announced today the pricing of its initial
public offering of 23,000,000 units, which includes 3,000,000 units
issued upon the exercise of the underwriters' overallotment option,
which was exercised in full, at a public offering price of
$10.00 per unit. The units will be
listed on the Nasdaq Capital Market ("Nasdaq") and began trading
under the ticker symbol "AHPAU" on August
10, 2021. Each unit issued in the offering consists of
one Class A ordinary share and one-third of one redeemable warrant.
Each whole warrant entitles the holder thereof to purchase one
Class A ordinary share at a price of $11.50 per share, subject to adjustment.
Only whole warrants will trade and be exercisable. After the
securities comprising the units begin separate trading, the Class A
ordinary shares and warrants are expected to be listed on Nasdaq
under the symbols "AHPA" and "AHPAW," respectively.
Avista Public Acquisition Corp. II is incorporated as a
Cayman Islands exempted company
for the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with a target company in the healthcare industry.
Credit Suisse Securities (USA)
LLC is the sole book-running manager for the offering. The offering
is being made only by means of a prospectus. Copies of the
prospectus may be obtained for free by visiting EDGAR on the SEC's
website at www.sec.gov. Alternatively, copies of the prospectus may
be obtained, when available, from Credit Suisse Securities
(USA) LLC, Attn: Prospectus
Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, Telephone:
1-800-221-1037, Email: usa.prospectus@credit-suisse.com.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission ("SEC") and
became effective on August 9,
2021. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of these securities, in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the
intended focus with respect to a business combination.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company's registration
statement and prospectus for the offering filed with the SEC.
Copies are available on the SEC's website, www.sec.gov. The
Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
Contact
Amanda Heravi, Investor Relations
Officer
heravi@avistacap.com
Daniel Yunger / Hallie Wolff
Kekst CNC
daniel.yunger@kekst.com / hallie.wolff@kekst.com
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SOURCE Avista Capital Partners