The New York, NY-based company plans to raise $400 million by offering 40 million units at $10. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. At the proposed deal size, Falcon Capital Acquisition II would command a market value of $500 million.
The company is led by CEO and Chairman Alan Mnuchin, the founder and CEO of Ariliam Group, and CFO Saif Rahmana, the Managing Director and COO of Ariliam Group. The company plans to target businesses in the media, entertainment, and sports industries, including digital streaming and OTT, mobile gaming and interactive entertainment, live events and experiential consumer-facing technology, and related industries.
Management’s previous SPAC, Falcon Capital Acquisition (FCAC; +2% from $10 offer price), went public in September 2020 and has a pending merger agreement with healthcare platform Sharecare.
Source: Renaissance Capital – SPAC Falcon Capital Acquisition II files for a $400 million IPO, led by Ariliam’s Alan Mnuchin