BOA Acquisition Corp. II Completes IPO; $143.8M Placed in Trust

What Happened
BOA Acquisition Corp. II announced that its Registration Statement was declared effective on August 3, 2026 and that it consummated its IPO on August 5, 2026. The Company sold 14,375,000 units (including a full 1,875,000-unit over-allotment) at $10.00 per unit, generating gross proceeds of $143,750,000 (before underwriting discounts, commissions and offering expenses). Simultaneously, the Company completed private placements of 221,500 units for $2,215,000. A total of $143,750,000 of proceeds was placed in a trust account with Odyssey Transfer and Trust Company as trustee. The Company also entered into customary underwriting, trust, registration rights, sponsor/investor subscription, administrative services and indemnification agreements related to the offering, and appointed five new directors to its board.

Key Details

• IPO: 14,375,000 units sold at $10.00 each; includes 1,875,000 units from full exercise of underwriters’ option.
• Trust: $143,750,000 placed in trust with Odyssey Transfer and Trust Company; funds generally locked until completion of an initial business combination (or other limited conditions); interest may be released to pay certain taxes.
• Private placements: 221,500 private placement units sold at $10 each for $2,215,000 (Sponsor bought 201,500; other investors bought 20,000); Private Placement Investors also acquired 363,636 Class B ordinary shares from the Sponsor.
• Governance & services: Dean Friedman, Jason Kahan, Jared Berlin, Jonathan Sassover and Seth Schorr were added to the board (committee assignments noted in filing). Sponsor will provide administrative services for $13,333/month until a business combination or liquidation.

Why It Matters
This filing confirms BOA Acquisition Corp. II is an active SPAC with cash committed in a trust to pursue an initial business combination. The trust funding provides investors assurance that proceeds are reserved for the merger target, while the agreements filed (underwriting, registration rights, sponsor arrangements and vote commitments) set out how the SPAC will operate and how sponsor and initial shareholders are restricted. Board appointments and the administrative services deal establish governance and operating support as the company searches for a target; public shareholders retain redemption rights tied to any vote to approve a business combination or if no combination is completed within the stated timeline.