BOA Acquisition Corp. II Announces Units May Separate into Shares and Rights

What Happened BOA Acquisition Corp. II (THEOU) filed an 8-K on August 13, 2026 announcing that holders of the units sold in its IPO may elect to separately trade the underlying Class A ordinary shares and rights beginning August 14, 2026. Each Unit consists of one Class A ordinary share and one right to receive one Class A ordinary share upon consummation of the company’s initial business combination. Unseparated Units will continue to trade on Nasdaq under the symbol “THEOU.”

Key Details

• Effective date for separate trading: August 14, 2026.
• Unit composition: 1 Class A ordinary share + 1 right to receive 1 Class A ordinary share upon closing of the business combination.
• Tickers: Units remain “THEOU”; separated Class A ordinary shares will trade as “THEO” and rights as “THEOR.”
• Action required: Holders must have their brokers contact Odyssey Transfer and Trust Company, LLC (the transfer agent) to effect the separation.
• The company attached a press release announcing the separate trading (Exhibit 99.1).

Why It Matters This change gives investors flexibility to trade the underlying Class A shares and rights separately, which can improve price discovery and allow different trading or hedging strategies versus holding the combined Unit. If you hold Units and want to separate them, you must instruct your broker to contact the transfer agent; otherwise your Units will continue trading as THEOU.