CLACU Profile
Capitol
Acquisition Corp. II (CLACU) is a blank check company, also known as a
Special Purpose Acquisition Company (SPAC), that was formed for the
purpose of acquiring, through a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization, or similar business
combination, one or more businesses or assets. Capitol Acquisition
Corp. II is sponsored by Capitol Acquisition Sponsor II LLC, which is
affiliated with Capitol Investment Corp. IV.
Capitol
Acquisition Corp. II was incorporated in Delaware on January 11, 2017,
and began trading on the NASDAQ Capital Market on March 9, 2017, under
the ticker symbol &";CLACU&";. The company raised $300 million in its
initial public offering (IPO), offering 30,000,000 units at a price of
$10.00 per unit.
As a blank check company, Capitol Acquisition
Corp. II has no operations or revenue-generating activities. Its sole
purpose is to use the funds raised in its IPO to acquire one or more
businesses or assets, which it has not yet identified.
Investors in Capitol Acquisition Corp. II should be aware that there
are risks involved in investing in SPACs. Since SPACs are essentially
shell companies, investors are essentially trusting the management
team to identify and successfully execute a merger or acquisition. If
a suitable target is not identified or the merger or acquisition falls
through, investors may not see a return on their investment.
In
summary, Capitol Acquisition Corp. II is a blank check company formed
to acquire one or more businesses or assets through a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization, or
similar business combination. As a SPAC, it has no operations or
revenue-generating activities and its success is dependent on its
ability to identify and execute a successful merger or a
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