A SPAC II Acquisition Corporation
ASCBW
NASDAQ Global Market0.02
USD
+0.00
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A SPAC II Acquisition Corporation
ASCBW
(NASDAQ Global Market)
Recent
price
0.02
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- A SPAC II Acquisition Corp. (ASCBW) is a blank check company incorporated in the British Virgin Islands in 2021 and headquartered at 289 Beach Road #03-01, Singapore 199552; the company has no significant operations and focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, with a preference for high-growth targets in Proptech and Fintech sectors that promote environmental, social, and governance (ESG) principles primarily in North America, Europe, and Asia. Its core activities center on identifying and pursuing initial business combination opportunities across industries and geographies without current revenue generation or operational subsidiaries; it maintains a trust account from its May 2022 initial public offering of 20 million units at $10 each, raising $200 million gross proceeds. The company operates as a subsidiary of A SPAC II (Holdings) Corp. and targets businesses applying cutting-edge technologies. Recent major developments include the delisting of its securities from Nasdaq on September 24, 2024, due to non-compliance with continued listing rules, with units, Class A ordinary shares, warrants (ASCBW), and rights now quoted on over-the-counter markets; on July 30, 2025, shareholders approved amendments at an extraordinary general meeting extending the business combination deadline by 24 months to August 5, 2027, and permitting targets with principal operations in China (including Hong Kong and Macau), resulting in the filing of a Fourth Amended and Restated Memorandum and Articles of Association. In connection with prior extensions, the company redeemed approximately 19.6 million Class A ordinary shares for $208.9 million; it continues to face going concern uncertainties pending a business combination or additional working capital loans, with no announced target or merger as of late 2025. The sponsor received $0.16 million in funding from A SPAC II Corp. in December 2024.