Plutonian Acquisition Corp II completed its initial public offering by selling 10 million units at a price of $10 per unit, yielding $100 million in gross proceeds, the company said in a statement.
The blank check company began trading its units on the New York Stock Exchange on April 28, 2026. Each unit is composed of one Class A ordinary share plus one right to receive one-fourth of one Class A ordinary share upon the closing of a qualifying business combination.
The issuer indicated that, once separate trading commences, the ordinary shares and the rights are expected to trade under the symbols "PLUN" and "PLUNR," respectively, on the NYSE.
A.G.P./Alliance Global Partners acted as the sole book-running manager for the offering. The Securities and Exchange Commission declared the companys registration statement effective on April 27, 2026, clearing the way for the public sale.
Plutonian Acquisition Corp II is incorporated in the Cayman Islands. The company described its objective as completing a merger, share exchange, asset acquisition or a similar combination with one or more businesses. It stated an intention to pursue target opportunities without limiting its search to any particular industry.
Context and mechanics
The structure sold in the IPO pairs an immediate equity interest with a detachable right that converts to a fractional share contingent on a subsequent business combination. This arrangement positions investors with an initial stake in the companys ordinary shares while preserving a contractual entitlement that becomes relevant if and when a qualifying transaction closes.
Timing
The Securities and Exchange Commission marked the companys registration effective on April 27, 2026, and the units started trading on the NYSE the following day, April 28, 2026. The companys announcement indicates separate listings for the ordinary shares and rights will follow, subject to the commencement of separate trading.
Takeaway
Plutonian Acquisition Corp IIs public offering established a $100 million pool of capital to pursue acquisitions or similar transactions across industries. The offering was led by A.G.P./Alliance Global Partners and was completed after SEC clearance of the registration statement.