WASHINGTON, Aug. 3, 2026 /PRNewswire/ -- BOA Acquisition Corp. II (the &#34;Company&#34;), a special purpose acquisition company, today announced the pricing of its initial public offering of 12,500,000 units at a price

<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">WASHINGTON</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">Aug. 3, 2026</span> /PRNewswire/ -- BOA Acquisition Corp. II (the &#34;<u xmlns="http://www.w3.org/1999/xhtml">Company</u>&#34;), a special purpose acquisition company, today announced the pricing of its initial public offering of 12,500,000 units at a price of $10.00 per unit. The units are expected to be listed for trading on the Nasdaq Global Market (&#34;<u xmlns="http://www.w3.org/1999/xhtml">Nasdaq</u>&#34;) under the ticker symbol &#34;THEOU&#34; beginning August 4, 2026. Each unit consists of one Class A ordinary share and one right to receive one Class A ordinary share upon consummation of the initial business combination of the Company. Each right entitles the holder thereof to receive one Class A ordinary share upon the consummation of the Company&#39;s initial business combination. Once the securities comprising the units begin separate trading, the Company expects that its Class A ordinary shares and rights will be listed on Nasdaq under the symbols &#34;THEO&#34; and &#34;THEOR,&#34; respectively. The offering is expected to close on August 5, 2026, subject to customary closing conditions.</p>
<p xmlns="http://www.w3.org/1999/xhtml">The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition opportunity at any stage of development and in any industry or geography, the Company intends to focus its search on opportunities involving direct investments in real estate and infrastructure assets, particularly within the energy, telecommunications and transportation sectors.</p><p xmlns="http://www.w3.org/1999/xhtml">D. Boral Capital LLC is acting as sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to 1,875,000 additional units at the initial public offering price to cover over-allotments, if any.</p><p xmlns="http://www.w3.org/1999/xhtml">The public offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, by email at <a xmlns="http://www.w3.org/1999/xhtml" href="mailto:dbccapitalmarkets@dboralcapital.com" rel="nofollow" xmlns="http://www.w3.org/1999/xhtml">dbccapitalmarkets@dboralcapital.com</a>, or by telephone at (212) 970-5150.</p><p xmlns="http://www.w3.org/1999/xhtml">A registration statement on Form S-1, as amended (File No. 333-290732) relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the &#34;<u xmlns="http://www.w3.org/1999/xhtml">SEC</u>&#34;) on August 3, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b></p><p xmlns="http://www.w3.org/1999/xhtml">This press release contains statements that constitute &#34;forward-looking statements,&#34; including with respect to the proposed initial public offering, the closing of the offering, and the anticipated use of the net proceeds from the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the Company will ultimately complete a business combination transaction in the sector it is targeting or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company&#39;s registration statement and preliminary prospectus for the Company&#39;s offering filed with the SEC. Copies of these documents are available on the SEC&#39;s website, at <a xmlns="http://www.w3.org/1999/xhtml" href="http://www.sec.gov" rel="nofollow">www.sec.gov</a>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Contact</b></p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Benjamin A. Friedman</b><br xmlns="http://www.w3.org/1999/xhtml"></br><b xmlns="http://www.w3.org/1999/xhtml">BOA Acquisition Corp. II</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Email: <a xmlns="http://www.w3.org/1999/xhtml" href="mailto:investors@friedmancap.com" target="_blank" rel="nofollow">investors@friedmancap.com</a> </p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=DE18504&amp;sd=2026-08-03"></img> View original content:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/boa-acquisition-corp-ii-announces-pricing-of-125-million-initial-public-offering-302841796.html" target="_blank">https://www.prnewswire.com/news-releases/boa-acquisition-corp-ii-announces-pricing-of-125-million-initial-public-offering-302841796.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE BOA Acquisition Corp. II</p>

THEO

BOA Acquisition Corp. II Announces Pricing of $125 Million Initial Public Offering

BOA Acquisition II prices 12.5M units; THEO/THEOR poised for Nasdaq debut

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>WASHINGTON, Aug. 3, 2026 /PRNewswire/ -- BOA Acquisition Corp. II (the &amp;#34;Company&amp;#34;), a special purpose acquisition company, today announced the pricing of its initial public offering of 12,500,000 units at a price</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>BOA Acquisition II priced its IPO at $10 for 12.5 million units, with THEOU set to begin trading on Nasdaq Aug 4, and THEO/THEOR to follow after its initial business combination. The focus on real estate and infrastructure assets signals opportunities in energy, telecom, and transportation. For THEO, near-term price action depends on the de-SPAC timeline and dilution risk.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>BOA Acquisition II priced 12.5M units at $10; THEOU to trade Aug 4.</li><li>Rights convert to Class A shares upon business combination; THEO/THEOR to trade after separation.</li><li>SPAC targets real estate and infrastructure assets, focusing on energy, telecom, and transportation.</li><li>Underwriter D. Boral Capital; 45-day over-allotment option up to 1.875M units.</li><li>Registration effective Aug 3, 2026; closing expected Aug 5, 2026.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>BOA Acquisition Corp. II (THEOU)</strong>: Units priced at $10; Nasdaq listing anticipated Aug 4; de-SPAC determines THEO/THEOR value.</li><li><strong>BOA Acquisition Corp. II (THEO)</strong>: Ordinary shares expected to trade on Nasdaq after separation; merger outcome drives price.</li><li><strong>D. Boral Capital LLC (DBORAL)</strong>: Sole book-running manager; underwriter terms influence pricing and allocation.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. This SPAC IPO pricing and planned de-SPAC process are central corporate-financing developments that shape THEO&#039;s eventual value and dilution profile.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Nasdaq listing of THEOU on Aug 4 could trigger initial SPAC-related volatility.</li><li>Over-allotment option for up to 1.875M units could raise proceeds and affect initial structure.</li><li>De-SPAC timeline remains uncertain; delays or favorable merger news would move THEO.</li><li>Sector focus on real estate and infrastructure may influence investor appetite.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Offering: 12,500,000 units at $10.00.</li><li>Expected listing: Aug 4, 2026 on Nasdaq Global Market under THEOU.</li><li>Separately tradable: THEO and THEOR after separation.</li><li>Over-allotment: up to 1,875,000 units.</li><li>Registration effective: Aug 3, 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>THEO faces listing-driven volatility; monitor de-SPAC timeline and dilution over 6–12 months.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">WASHINGTON</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">Aug. 3, 2026</span> /PRNewswire/ -- BOA Acquisition Corp. II (the &#34;<u xmlns="http://www.w3.org/1999/xhtml">Company</u>&#34;), a special purpose acquisition company, today announced the pricing of its initial public offering of 12,500,000 units at a price of $10.00 per unit. The units are expected to be listed for trading on the Nasdaq Global Market (&#34;<u xmlns="http://www.w3.org/1999/xhtml">Nasdaq</u>&#34;) under the ticker symbol &#34;THEOU&#34; beginning August 4, 2026. Each unit consists of one Class A ordinary share and one right to receive one Class A ordinary share upon consummation of the initial business combination of the Company. Each right entitles the holder thereof to receive one Class A ordinary share upon the consummation of the Company&#39;s initial business combination. Once the securities comprising the units begin separate trading, the Company expects that its Class A ordinary shares and rights will be listed on Nasdaq under the symbols &#34;THEO&#34; and &#34;THEOR,&#34; respectively. The offering is expected to close on August 5, 2026, subject to customary closing conditions.</p>
<p xmlns="http://www.w3.org/1999/xhtml">The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition opportunity at any stage of development and in any industry or geography, the Company intends to focus its search on opportunities involving direct investments in real estate and infrastructure assets, particularly within the energy, telecommunications and transportation sectors.</p><p xmlns="http://www.w3.org/1999/xhtml">D. Boral Capital LLC is acting as sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to 1,875,000 additional units at the initial public offering price to cover over-allotments, if any.</p><p xmlns="http://www.w3.org/1999/xhtml">The public offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, by email at <a xmlns="http://www.w3.org/1999/xhtml" href="mailto:dbccapitalmarkets@dboralcapital.com" rel="nofollow" xmlns="http://www.w3.org/1999/xhtml">dbccapitalmarkets@dboralcapital.com</a>, or by telephone at (212) 970-5150.</p><p xmlns="http://www.w3.org/1999/xhtml">A registration statement on Form S-1, as amended (File No. 333-290732) relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the &#34;<u xmlns="http://www.w3.org/1999/xhtml">SEC</u>&#34;) on August 3, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b></p><p xmlns="http://www.w3.org/1999/xhtml">This press release contains statements that constitute &#34;forward-looking statements,&#34; including with respect to the proposed initial public offering, the closing of the offering, and the anticipated use of the net proceeds from the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the Company will ultimately complete a business combination transaction in the sector it is targeting or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company&#39;s registration statement and preliminary prospectus for the Company&#39;s offering filed with the SEC. Copies of these documents are available on the SEC&#39;s website, at <a xmlns="http://www.w3.org/1999/xhtml" href="http://www.sec.gov" rel="nofollow">www.sec.gov</a>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Contact</b></p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Benjamin A. Friedman</b><br xmlns="http://www.w3.org/1999/xhtml"></br><b xmlns="http://www.w3.org/1999/xhtml">BOA Acquisition Corp. II</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Email: <a xmlns="http://www.w3.org/1999/xhtml" href="mailto:investors@friedmancap.com" target="_blank" rel="nofollow">investors@friedmancap.com</a> </p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=DE18504&amp;sd=2026-08-03"></img> View original content:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/boa-acquisition-corp-ii-announces-pricing-of-125-million-initial-public-offering-302841796.html" target="_blank">https://www.prnewswire.com/news-releases/boa-acquisition-corp-ii-announces-pricing-of-125-million-initial-public-offering-302841796.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE BOA Acquisition Corp. II</p>

BOA Acquisition II priced its IPO at $10 for 12.5 million units, with THEOU set to begin trading on Nasdaq Aug 4, and THEO/THEOR to follow after its initial business combination. The focus on real estate and infrastructure assets signals opportunities in energy, telecom, and transportation. For THEO, near-term price action depends on the de-SPAC timeline and dilution risk.

News insight

BOA Acquisition Corp. II Announces Pricing of $125 Million Initial Public Offering

AI summary

Sentiment rationale

Key facts

Corporate Developments