Ticker Launch

SPAC · Merger completed

Software Acquisition Group Inc. II

Business combination with Otonomo Technologies Ltd.

Software Acquisition Group Inc. II is a blank-check company (SPAC) that raised $150M in its initial public offering on Sep 15, 2020, listing on Nasdaq Capital Market. It completed its business combination with Otonomo Technologies Ltd. on Aug 13, 2021; the combined company is Otonomo Technologies Ltd. (OTMO). Ellenoff Grossman & Schole advised the SPAC and Kirkland & Ellis advised the underwriters on the IPO.

Otonomo Technologies Ltd. runs a connected-vehicle data platform that ingests data from over 40 million cars supplied by automakers and fleets and reshapes it for service providers. It is headquartered in Israel, with a presence in the United States and Europe.

Status
Merger completed
IPO date
Sep 15, 2020
IPO size
$150M
IPO exchange
Nasdaq Capital Market
Target
Otonomo Technologies Ltd.
Announced
Feb 1, 2021
Closed
Aug 13, 2021
Combined company
Otonomo Technologies Ltd. (OTMO)
SPAC counsel (IPO)
Ellenoff Grossman & Schole
Underwriters' counsel (IPO)
Kirkland & Ellis

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