TPG Pace Beneficial II Corp. (YTPG)

TPG Pace Beneficial II Corp. Completes Initial Public Offering

TPG Pace Beneficial II Corp. (the "Company"), a newly organized blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the closing of its initial public offering of 35,000,000 Class A ordinary shares and the issuance of an additional 5,000,000 Class A ordinary shares pursuant to the partial exercise of the underwriters’ over-allotment option. The offering was priced at $10.00 per share, resulting in gross proceeds of $400,000,000, before deducting underwriting discounts and commissions and other offering expenses payable by the Company. The shares began trading on the New York Stock Exchange under the ticker symbol "YTPG" on April 14, 2021.