Pivotal Investment Corporation II Announces Closing of $230 Million Initial Public Offering

NEW YORK--(BUSINESS WIRE)--Pivotal Investment Corporation II (NYSE: PIC.U) (the “Company”) announced today that it closed its initial public offering of 23,000,000 units, including the full 3,000,000 units subject to the underwriters’ over-allotment option, at $10.00 per unit. The offering was priced at $10.00 per unit, resulting in gross proceeds of $230,000,000.