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CLACU - Capitol Acquisition Corp. II


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CLACU Profile

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Capitol Acquisition Corp. II (CLACU) is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), that was formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination, one or more businesses or assets. Capitol Acquisition Corp. II is sponsored by Capitol Acquisition Sponsor II LLC, which is affiliated with Capitol Investment Corp. IV.

Capitol Acquisition Corp. II was incorporated in Delaware on January 11, 2017, and began trading on the NASDAQ Capital Market on March 9, 2017, under the ticker symbol &";CLACU&";. The company raised $300 million in its initial public offering (IPO), offering 30,000,000 units at a price of $10.00 per unit.

As a blank check company, Capitol Acquisition Corp. II has no operations or revenue-generating activities. Its sole purpose is to use the funds raised in its IPO to acquire one or more businesses or assets, which it has not yet identified.

Investors in Capitol Acquisition Corp. II should be aware that there are risks involved in investing in SPACs. Since SPACs are essentially shell companies, investors are essentially trusting the management team to identify and successfully execute a merger or acquisition. If a suitable target is not identified or the merger or acquisition falls through, investors may not see a return on their investment.

In summary, Capitol Acquisition Corp. II is a blank check company formed to acquire one or more businesses or assets through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. As a SPAC, it has no operations or revenue-generating activities and its success is dependent on its ability to identify and execute a successful merger or a



 

 
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