Sons And Daughters Of BBCMF [BIRTH OF SPAC BLANK CHECK ENTITIES]

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ION Acquisition Corp 2 Ltd. Announces Pricing of $220 Million Initial Public Offering
February 10, 2021 10:44 PM Eastern Standard Time
NEW YORK--(BUSINESS WIRE)--ION Acquisition Corp 2 Ltd. (the “Company”) announced today the pricing of its initial public offering of 22,000,000 units at a price of $10.00 per unit. The units will be listed on The New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “IACB.U” beginning on February 11, 2021. Each unit consists of one Class A ordinary share and one-eighth of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. After the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols “IACB” and “IACB WS,” respectively. The offering is expected to close on February 16, 2021.

The Company is a blank check company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue a business combination target in any business or industry, the Company intends to focus on the rapidly growing universe of Israeli companies and entrepreneurs that apply technology and innovation to our everyday lives. The Company is sponsored by ION Holdings 2, LP, an affiliate of ION Asset Management Ltd.