Cannae Holdings, Inc. Announces Austerlitz Acquisition Corp. II Filing of S-1
February 10, 2021 06:32 AM Eastern Standard Time
LAS VEGAS--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE:CNNE) (“Cannae” or the “Company”) today announced that Austerlitz Acquisition Corp. II (“ASZ”) has filed a registration statement on Form S-1 (the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of 100,000,000 units at a price of $10.00 per unit, each consisting of one share of AUS Class A common stock, and one-fourth of one redeemable warrant. Each whole warrant entitles the holder to one share of ASZ Class A common stock at a price of $11.50 per share. ASZ has applied to list its units on the New York Stock Exchange under the symbol “ASZ.U.”
Cannae is expected to enter into a forward purchase agreement with ASZ in which Cannae will purchase shares of ASZ Class A common stock in an aggregate share amount equal to 12,500,000 shares of Class A common stock, plus an aggregate of 3,125,000 redeemable warrants to purchase one share of Class A common stock at $11.50 per share, for an aggregate purchase price of $125.0 million, or $10.00 per share of Class A common stock, in a private placement to occur concurrently with the closing of the initial business combination.