BFT - SPAC financier Bill Foley's Austerlitz Acquisition Corp. I and II to list Friday after raising $1.8B

Serial SPAC financier Bill Foley raised an upsized $1.8B for his Austerlitz Acquisition Corp. I (AUSU) and Austerlitz Acquisition Corp. II (ASZU), with both special purpose acquisition companies set to begin trading Friday on the New York Stock Exchange.Austerlitz Acquisition Corp. I sold 60M investing units at $10 each, raising $600M. It will list under the ticker “AUSU.”Each AUSU unit consists of one Class A share and 0.25 warrants to buy a second share at $11.50 in the future. The SPAC’s shares and units will eventually trade separately under the tickers “AUS” and “AUSWS,” respectively.Austerlitz granted underwriters an option to buy another 9M AUSU units for overallotments, potentially raising another $90M.Austerlitz Acquisition Corp. I originally planned to offer just 500M of units, plus 75M more for overallotments.Meanwhile, Foley raised $1.2B for Austerlitz Acquisition Corp. II by selling 120M investing units at $10 apiece. As with AUSU, each ASZU unit consists

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SPAC financier Bill Foley’s Austerlitz Acquisition Corp. I and II to list Friday after raising $1.8B