Berto Acquisition Corp. II (GUACU) announced the pricing of its initial public offering of 27.4 million units at $10.00 per unit, raising $274 million. The SPAC expects its units to begin trading on the Nasdaq Global Market under the symbol "GUACU" on May 15, 2026.
Each unit consists of one ordinary share and one-third of one redeemable warrant. The ordinary shares and warrants will trade separately under the symbols "GUAC" and "GUACW" respectively once separate trading begins. The underwriter has a 45-day option to purchase up to 4.11 million additional units to cover over-allotments.
The offering is expected to close on May 18, 2026, subject to customary conditions. Needham & Company serves as the sole book-running manager.
The company is led by founder Harry You, who has sponsored ten previous SPACs. You served as CFO at Accenture, Oracle, and held executive roles at EMC. He also worked as a managing director at Morgan Stanley.
The blank check company, incorporated in the Cayman Islands, seeks a merger or acquisition in artificial intelligence and AI infrastructure, including components, data, energy, and infrastructure businesses.
