Wilbur L. Ross, Jr., the U.S. secretary of commerce in the Trump Administration, formed this blank check company with Stephen J. Toy and Nadim Z. Qureshi, the co-founders and managing partners of BroadPeak Global, a private equity firm. (Incorporated in the Cayman Islands.) From the prospectus: ” We intend to focus our efforts in identifying a prospective target business with either all or a substantial portion of its activities in North America, Europe, or Asia. Traditional industry, and with it, global trade, is being transformed and disrupted by the fourth industrial revolution. The confluence of virtually all sectors of the global economy with new technologies and processes is fundamentally changing the way people live, work and communicate with each other.” These seven sectors will benefit from the next industrial revolution, according to the prospectus: “Automotive – Electric vehicles and autonomous vehicles; Energy – Storage, renewables and energy efficiency; Manufacturing – Automation/robotics, artificial intelligence, big data analytics, 3D printing and smart factory; Materials – Chemicals, advanced materials and sustainable materials; Semiconductor; Space – Remote sensing and space traffic management, and Transportation – Data analytics, digital trade and alternative fuels.”
Ross Acquisition Corp II
| General Information | |
| Business: | |
| Industry: | BLANK CHECKS |
| Employees: | 0 |
| Founded: | 2021 |
| Contact Information | |
| Address | 2 Pelican Lane Palm Beach, Florida 33480 |
| Phone Number | (561) 655-2615 |
| Web Address | |
| View Prospectus: | Ross Acquisition Corp II |
| Financial Information | |
| Market Cap | $375mil |
| Revenues | $0 mil (last 12 months) |
| Net Income | $0 mil (last 12 months) |
| IPO Profile | |
| Symbol | ROSS.U |
| Exchange | NYSE |
| Shares (millions): | 30.0 |
| Price range | $10.00 - $10.00 |
| Est. $ Volume | $300.0 mil |
| Manager / Joint Managers | BofA Securities/Credit Suisse |
| CO-Managers | - |
| Expected To Trade: | 3/12/2021 |
| Status: | Priced |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |