This week, a pair of New York-based blank-check companies are expected to go public, although official pricing dates have not been set.
Pivotal Investment Corp II (NYSE:PIC U) is expected to offer 20 million shares at $10 per share to raise $200 million. The company, led by New York Islanders majority owner Jon Ledecky, has not yet picked a business or industry to target for a possible business combination.
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Tuscan Holdings Corp II (NASDAQ:SPAC) plans to raise $125 million by offering 12.5 million shares at $10 per share. Run by Stephen Vogel, the president of Twelve Seas Investment Company, Tuscan is targeting the cannabis industry and others for potential mergers and asset acquisitions.
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