Pivotal Investment Corp II
Completed 2020-12-21- CIK 1772720
- PIC
- Now XL
- IPO 2019-07-15
- $232M trust
- 476 filings
Successfully merged with XL Hybrids, Inc. • Now trading as XL
- IPO Size
- $230M
- raised at the IPO
- Trust
- $232M
- as of 2020-09-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2019
- year it listed
Filings, by quarter
476 filings over 31 quarters; violet bars carry a milestone
- 19 Q2: 10 filings
- 19 Q3: 17 filings
- 19 Q4: 1 filing
- 20 Q1: 5 filings
- 20 Q2: 1 filing
- 20 Q3: 8 filings
- 20 Q4: 56 filings
- 21 Q1: 25 filings
- 21 Q2: 24 filings
- 21 Q3: 5 filings
- 21 Q4: 19 filings
- 22 Q1: 16 filings
- 22 Q2: 22 filings
- 22 Q3: 7 filings
- 22 Q4: 21 filings
- 23 Q1: 13 filings
- 23 Q2: 31 filings
- 23 Q3: 9 filings
- 23 Q4: 7 filings
- 24 Q1: 3 filings
- 24 Q2: 25 filings
- 24 Q3: 7 filings
- 24 Q4: 14 filings
- 25 Q1: 15 filings
- 25 Q2: 21 filings
- 25 Q3: 6 filings
- 25 Q4: 20 filings
- 26 Q1: 16 filings
- 26 Q2: 21 filings
- 26 Q3: 30 filings
- 26 Q4: 1 filing
- S-1 filed 19 Q2
- IPO 19 Q3
- Definitive agreement 20 Q3
- Completed 20 Q4
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Pivotal Investment Corporation II is a blank-check company formed to pursue an initial business combination. It intends to search in North America among companies positioned for disruption from digital technology and shifts in distribution and consumer purchasing behavior.
Investment Focus
Logistics, Delivery Services, Business Services, Cybersecurity, Security, Media, Entertainment
Geographic Focus
North America
Key Information
As the filings state it
- IPO Date
- 2019-07-15
- Total Redemptions
- $110K
- PIPE
- $150M
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Completion Date
- 2020-12-21
- Merger Target
- XL Hybrids, Inc.
- SPAC Ticker
- PIC
- Merged Ticker
- XL
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
Led by CEO and chairman Jonathan J. Ledecky, with prior public-company and blank-check-company experience; director Kevin Griffin has invested in middle-market businesses and leads MGG Investment Group. Other officers and directors bring experience in technology, finance, media, venture capital, and sports.