CIIG Capital Partners II, Inc.
CIIGU
NASDAQ Global Market8.90
USD
- -
- -
CIK
0001841338
ISIN
US12561U2087
CUSIP
12561U208
Return %
Stock
S&P500
1Y
-10.28
18.21
3Y
-11.71
63.29
5Y
-11.71
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Gavin M. Cuneo
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 40 West 57th Street New York City NY United States of America 10019
- IPO Date
- Sep 15, 2021
- CIK
- 0001841338
- Website
- ciigpartners.com
- Similar Companies
- Business
- CIIG Capital Partners II, Inc. (CIIGU) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, particularly in technology, media, telecommunications, and technology-enabled sectors. The company offers no current products or services beyond its SPAC structure, which includes publicly traded units comprising Class A common stock and warrants; private placement warrants; and trust account proceeds from its initial public offering for funding business combinations. Incorporated in 2021 and headquartered at 40 West 57th Street, 29th Floor, New York, New York, it targets growth-oriented businesses with significant value creation potential and maintains operations primarily in the United States. In April 2023, CIIG Capital Partners II completed a definitive business combination with Zapp Electric Vehicles Limited, a UK-based high-performance electric two-wheeler manufacturer, resulting in the combined entity Zapp Electric Vehicles Group Limited listing on Nasdaq under the symbols ZAPP and ZAPPW; CIIG II's securities (CIIGU, CIIG, CIIGW) ceased active trading post-merger. The transaction, approved by shareholders in April 2023 following a November 2022 agreement announcement, provided Zapp with approximately $274 million in new cash proceeds assuming no redemptions, alongside Zapp's existing cash, to support scaling of its i300 electric motorcycle production and direct-to-customer model, with manufacturing planned in Thailand.