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 special purpose acquisition company 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 received 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 closing conditions. Needham & Company serves as the sole book-running manager for the offering.
The company is led by founder Harry You, who has sponsored ten previous SPACs. You previously served as chief financial officer at Accenture from 2001 to 2004 and Oracle from 2004 to 2005, and held executive positions at EMC from 2008 to 2016. He also worked as a managing director in investment banking at Morgan Stanley and other firms from 1989 to 2001.
The blank check company, incorporated in the Cayman Islands, seeks to complete a merger, share exchange, asset acquisition or similar business combination with one or more businesses. The company stated it will examine opportunities in artificial intelligence and AI infrastructure, including components, data, energy and infrastructure businesses.
A registration statement relating to the securities was declared effective by the Securities and Exchange Commission on May 14, 2026, according to the company’s statement.