We are a sponsor of special purpose acquisition companies (“SPACs”), making investments in TMTS companies that demonstrate significant growth potential and value creation opportunities.

CIIG Capital Partners II Inc. (“CIIG2”) closed its upsized initial public offering on September 17, 2021. CIIIG2 issued 28,750,000 units at $10.00 per unit, including 3,750,000 units issued pursuant to an exercise by the underwriters of their over-allotment option. Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, $291,812,500 was placed in the Company’s trust account. CIIG2 is a SPAC founded for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. CIIG2’s units, common stock and warrants trade on the NASDAQ under the ticker symbols “CIIGU,” “CIIG,” and “CIIGW” respectively.

CIIG2 follows the team’s first SPAC, CIIG Merger Corp (“CIIG1”). CIIG1 completed its IPO in December 2019, generating gross proceeds of $258,750,000. In November 2020, CIIG1 announced its initial business combination with Arrival Group (“Arrival”), the global technology company creating electric vehicles (“EVs”). The transaction valued the combined company at an enterprise value of $5.4 billion and provided approximately $660 million in gross cash proceeds to Arrival to fund growth. As part of the transaction, CIIG1 raised a $400 million fully committed common stock PIPE that was anchored by Fidelity Management & Research Company LLC, Wellington Management, BNP Paribas Asset Management Energy Transition Fund, Capital World, and funds and accounts managed by BlackRock. This transaction closed in March of 2021 and the combined company trades on Nasdaq under the ticker “ARVL”.