Spartacus Acquisition Corp. II IPO - What You Need to Know

Hey there! Thinking about dipping your toes into the world of IPOs with Spartacus Acquisition Corp. II? That's awesome! It can feel a bit like reading a foreign language sometimes, so let's break down what this company is all about in plain English, like we're just chatting over coffee.

This guide is based on information as filed with the U.S. Securities and Exchange Commission on December 23, 2025.

Here's what you really need to understand before you consider investing:

1. What does this company actually do? (in plain English)

Okay, so this is a bit different from your typical company that sells shoes or software. Spartacus Acquisition Corp. II is what's called a SPAC (Special Purpose Acquisition Company), or sometimes a "blank check company."

Think of it this way: Imagine a group of experienced business people get together, raise a big pot of money from investors like you, and then go hunting for a promising private company to buy. They don't have their own business operations yet; their entire purpose is to find a private company, merge with it, and then that private company effectively becomes publicly traded through the SPAC. So, right now, Spartacus II is just that pot of money and the team looking for a great deal.

Important note: They haven't picked a specific company yet, and they haven't even started serious talks with any potential targets. They're open to pursuing a business combination in any industry.

2. How do they make money and are they growing?

This is another unique aspect of a SPAC. Right now, Spartacus Acquisition Corp. II doesn't make money by selling products or services because it doesn't have a business yet! Its "money" is the capital it raises from investors like you.

Its "growth" isn't about increasing sales or profits, but about successfully finding and merging with a promising private company. The real money-making and growth story will only begin after they complete that merger with a target company. Until then, it's all about the search!

3. What will they do with the money from this IPO?

Most of the money raised from this IPO will be held in a special trust account. Think of it as a protected savings account. This money is primarily earmarked to fund the acquisition of a private company. A smaller portion will cover the costs of the IPO itself and other operating expenses while they search for a target. If they don't find a company to merge with within a set timeframe (usually 18-24 months), they typically return the money in the trust account to investors.

4. What are the main risks I should worry about?

Investing in a SPAC like Spartacus II has some unique risks you should definitely be aware of:

• They might not find a company: The biggest risk is that the team can't find a suitable private company to merge with within their allowed timeframe. If that happens, they'll return your money (usually around $10 per share), but you won't have earned any significant returns, and you'll have missed out on other investment opportunities.
• You don't know what you're buying: Since they haven't picked a target yet, you're essentially investing in the team that will pick the company, not a specific business. The company they eventually choose might not be a good fit for your investment goals or might not perform well.
• Dilution: When they do merge, existing shareholders of the target company, or new investors, might get shares, which could dilute the value of your initial investment. Also, the warrants included in your units could lead to more shares being issued later, potentially diluting your ownership.
• Market hype: SPACs can sometimes be driven by excitement, and the merged company might not perform as well as expected once it's public.

5. How do they compare to competitors I might know?

This is a tricky one because Spartacus II isn't selling a product or service yet. So, it doesn't have direct competitors like Apple vs. Samsung. Instead, you could think of its "competitors" as:

• Other SPACs: There are many other 'blank check' companies out there also looking for promising private companies to merge with. Spartacus II needs to be attractive enough to secure a good deal.
• Traditional IPOs: If you're looking to invest in a new public company, you could also consider traditional IPOs where a company goes public directly, rather than through a SPAC.

6. Who's running the company?

Since you're investing in the idea that they'll find a great company, the team behind Spartacus II is super important. The main person leading the charge is Igor Volshteyn, who serves as the Chief Executive Officer. The company's main office is in Austin, TX, and it's incorporated in the Cayman Islands.

The company's filing didn't provide extensive details about the team's past successes or specific track record. This means you'll want to do your own research on Igor Volshteyn and any other key members to understand their experience, connections, and reputation, as these will be crucial for finding a good merger target.

7. Where will it trade and under what symbol?

The specific stock exchange (like NASDAQ or NYSE) where Spartacus Acquisition Corp. II will trade, along with its unique ticker symbols for units, common stock, and warrants, haven't been announced yet. These details will be made public closer to the IPO date.

8. How many shares and what price range?

The company plans to offer 20,000,000 units to the public, aiming to raise a total of $200,000,000. Each unit will be priced at $10.00.

What's in a unit? It's not just a share! Each unit typically includes one Class A ordinary share (that's your regular stock) and one-third of one redeemable warrant. Think of a warrant as a coupon that gives you the option to buy more shares later at a set price. For Spartacus II, each whole warrant lets you buy one Class A ordinary share for $11.50. You'll need three of these units to get one whole warrant, and these warrants will become exercisable 30 days after they complete a merger.

Important Note: This guide is for informational purposes only and isn't financial advice. Always do your own research and consider consulting with a financial advisor before making any investment decisions. IPOs, especially SPACs, can be volatile and carry significant risks.