INSU Acquisition Corp. II
closedU=S+W/3W=S@11.50
INAQ
Capital Structure & Economics
Trust Size$310,000,000
Unit Price$10.00
Warrant Coverage1/3
Sponsor Promote20%
Implied Equity Architecture
Capital Allocation Baseline
Trust (100.0%)
Implied Dilution Drag
33% Warrant Inclusion| Public Trust Allocation | $310,000,000 |
| Sponsor At-Risk Capital | N/A |
| Total Underwriting Discount | N/A |
| Trust Per Unit (Implied) | $10.00 |
| Sponsor Promote Allocation | 20% |
Deal Lifecycle
IPO PricedJul 30, 2020
Target AnnouncedNov 8, 2021
Maturation Wall
N/A
Announced Target / M&A
- Target CompanyLemonade, Inc.
- SectorInsurance
- Announced Deal Size$340,000,000
- Announcement Date2021-11-08
Board & Officers
- CEO
- Dioptra Advisors II, LLCOfficer
- Director
- Director
- Director
- Director
- Director
- Director
- Director
- Director
- Director
- Director
Advanced Structuring Terms
| Target Sectors | Insurance |
Syndicate & Advisors
- LEAD
- AUDITOR
- WARRANT AGENT
Interactive Deal Modeling
Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.