DD3 Acquisition Corp. II announced that it will issue 320,000 units at a price of $10 per unit for gross proceeds of $3,200,000 on November 19, 2020. The transaction will include participation from returning investor DD3 Sponsor Group, LLC, certain funds affiliated with new investor Baron Capital Group, Inc. and new investor MG Partners Multi-Strategy Fund LP. Each unit will consist of one class A common share and one-half of one warrant of the company. Each warrant entitles the holder to purchase one class A common share at an exercise price of $11.50 per share. The warrants will become exercisable on the later of 30 days after the completion of its initial business combination and 12 months from the closing of the initial public offering, and will expire five years after the completion of its initial business combination or earlier upon redemption or liquidation. The company will issue 350,000 units for gross proceeds of $3,500,000 if the underwriters’ option is exercised in full in the concurrent initial public offering. The warrants will be exercisable on a cashless basis and be non-redeemable, so long as they are held by the initial purchasers or their permitted transferees. All securities, including the class A common shares issuable upon exercise of the warrants, will not be transferable, assignable or salable until 30 days after the completion of our initial business combination. The company will issue securities pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.