BOA Acquisition Corp. II closes $143.75 million IPO of 14,375,000 units
BOA Acquisition Corp. II, a special purpose acquisition company, closed its initial public offering on August 5, 2026, selling 14,375,000 units at $10.00 each, including 1,875,000 units from the full exercise of the underwriters' over-allotment option. The $143.75 million in IPO proceeds was placed in a trust account, and the filing says those funds will not be released until a business combination is completed, shareholders redeem public shares in specified circumstances, or the company liquidates if no business combination is completed within 12 months.
Key points
- IPO closed August 5, 2026: 14,375,000 units at $10.00 per unit, gross proceeds of $143,750,000 before underwriting discounts and offering expenses
- $143,750,000 placed in a trust account with Odyssey Transfer and Trust Company, as trustee
- Private placement of 221,500 units at $10.00 for $2,215,000; sponsor pays $13,333 per month for administrative services
- Five new directors appointed August 3, 2026; units began trading on Nasdaq as THEOU on August 4, 2026
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.