Industrial Tech Acquisitions II, Inc. Announces Price of $ 150.0 Million Initial Public Offering | Nation / World

NEW YORK, January 11, 2022 (GLOBE NEWSWIRE) – Industrial Tech Acquisitions II, Inc. (Nasdaq: ITAQU ) (“Industrial Tech Acquisitions II” or the “Company”), a company incorporated for the purpose of effecting a merger, an exchange of shares, an acquisition of assets, a purchase of shares, a reorganization or a consolidation of similar companies with one or more companies or entities, today announced the price of its initial public offering (“IPO”) of 15,000,000 units at a public price of $ 10.00 per unity. Units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) under the symbol “ITAQU” as of January 12, 2022. Each unit issued in connection with the IPO consists of one Class A common share. and a half redeemable subscription warrant. Each whole warrant entitles its holder to acquire one Class A common share at an exercise price of $ 11.50 per share. Once the securities comprising the Units begin to trade separately, the Class A Common Shares and Warrants are expected to trade on the Nasdaq under the symbols “ITAQ” and “ITAQW”, respectively.

Wells Fargo Securities, LLC is acting as sole accounting manager for the IPO, and Maxim Group LLC is acting as co-manager. The Company has granted the underwriters a 45-day option to purchase up to 2,250,000 additional units at the initial public offering price to cover over-allotments, if any.

A registration statement relating to the securities was declared effective by the SEC on January 11, 2022. The offering is being made only by way of prospectus, copies of which can be obtained by contacting Wells Fargo Securities, Attention: Equity Syndicate Department , 500 West 33rd Street, New York, New York, 10001, at (800) 326-5897 or send an email request to [email protected]. Copies of the registration statement can be viewed on the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. before registration or qualification. under the securities laws of any such state or jurisdiction.

ABOUT INDUSTRIAL TECH ACQUISITIONS II, INC.

Industrial Tech Acquisitions II, Inc. is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of effecting a merger, stock exchange, asset acquisition , a share purchase, reorganization or similar business. combination with one or more companies or entities. The Company may pursue an initial goal of business combination in any business, industry or geographic location, and intends to focus its research on targets operating in technology-driven fields, including software applications. , mobile and Internet of Things (“IoT”); and energy transformation, cloud and cyber communications as well as broadband services including LTE, remote sensing and 5G communications.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements”, including with respect to the proposed IPO and the intended use of the net proceeds. No guarantee can be given that the offer discussed above will be carried out under the conditions described, or not at all, or that the net proceeds of the offer will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statement and of the Company’s preliminary offering prospectus filed. with the Securities and Exchange Commission (“SECOND”). Copies are available on the SEC website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this posting, except as required by law.

CONTACT:

Lisa russell

Industrial Technology Acquisitions II, Inc.

713-599-1300

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