SPAC BOA Acquisition Corp. II Prices $125 Million IPO on Nasdaq

BOA Acquisition Corp. II, a special purpose acquisition company (SPAC), has priced its initial public offering to raise $125 million, according to a company press release. The firm's units are expected to begin trading on the Nasdaq Global Market on August 4, 2026.

IPO Details

The offering consists of 12,500,000 units priced at $10.00 per unit. The units will trade under the ticker symbol "THEOU". The offering is expected to close on August 5, 2026, subject to customary closing conditions.

Each unit is composed of one Class A ordinary share and one right to receive an additional Class A ordinary share upon the completion of the company's initial business combination. Following the initial trading period, the shares and rights are expected to trade separately on the Nasdaq under the tickers "THEO" and "THEOR," respectively.

Acquisition Focus

As a SPAC, or "blank-check" company, BOA Acquisition Corp. II intends to use the IPO proceeds to fund a future merger or acquisition. The company stated it will focus its search on direct investments in real estate and infrastructure assets.

Key target sectors include:

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• Energy
• Telecommunications
• Transportation

The company noted, however, that it is not limited to these sectors and may pursue an acquisition opportunity in any industry or geography.

Offering Structure

D. Boral Capital LLC is acting as the sole book-running manager for the IPO. The underwriters have been granted a 45-day option to purchase up to an additional 1,875,000 units at the IPO price to cover potential over-allotments.

The U.S. Securities and Exchange Commission (SEC) declared the company’s registration statement effective on August 3, 2026, a necessary regulatory step for the offering to proceed.