BOA Acquisition Corp. II Completes IPO, Raises $146M

What Happened

• On August 5, 2026, BOA Acquisition Corp. II announced it completed its initial public offering (IPO) of 14,375,000 units at $10.00 per unit (gross $143,750,000) and a private placement of 221,500 units for $2,215,000. Each unit consists of one Class A ordinary share and one right to receive one Class A ordinary share upon the company’s initial business combination.
• The company placed $143,750,000 of the net proceeds into a trust account held by Odyssey Transfer and Trust Company. An audited balance sheet as of August 5, 2026 reflecting receipt of the proceeds was issued and included as an exhibit to the Form 8‑K.

Key Details

• IPO: 14,375,000 units at $10.00 each — gross proceeds $143,750,000.
• Private placement: 221,500 units — gross proceeds $2,215,000; these units have limited transfer restrictions until 30 days after an initial business combination and have registration rights.
• Trust: $143,750,000 placed in trust; only interest (to pay franchise/income taxes) may be released prior to an initial business combination.
• Timeline: funds generally remain in trust until the earlier of (1) completion of an initial business combination, (2) certain shareholder-approved amendments triggering redemptions, or (3) redemption of public shares if no business combination is completed within 12 months of the IPO, subject to law.

Why It Matters

• The filing confirms BOA Acquisition Corp. II is fully funded as a SPAC sponsor vehicle and can now pursue an initial business combination (merger/acquisition) using the raised capital held in trust.
• Retail investors should note the 12‑month timeline and redemption mechanics: public shares are protected in the trust, and the sponsor’s private placement units are subject to transfer restrictions until after a deal. The audited balance sheet provides verification of the cash held.