Star Peak Corp II Announces Pricing of $350 Million Initial Public Offering

NEW YORK--(BUSINESS WIRE)--Star Peak Corp II (the “Company”), a blank check company sponsored by affiliates of Magnetar Capital LLC and Triangle Peak Partners, LP and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its initial public offering of 35,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange and trade under the ticker symbol “STPC.U” beginning January 6, 2021. Each unit consists of one share of Class A common stock of the Company and one-fourth of one warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock of the Company at a price of $11.50 per share, subject to adjustment, and only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the New York Stock Exchange under the symbols “STPC” and “STPC WS,” respectively.