Item 8.01 Other Events.
On April 16, 2021, TPG Pace Beneficial II Corp. (the "Company") consummated its
initial public offering (the "IPO") of 40,000,000 Class A ordinary shares of the
Company, par value $0.0001 per share ("Class A Ordinary Shares"). The Class A
Ordinary Shares were sold at a price of $10.00 per share, generating gross
proceeds to the Company of $400,000,000.
Substantially concurrently with the consummation of the IPO, the Company
completed the private sale (the "Private Placement") of 1,000,000 Class A
Ordinary Shares (the "Private Placement Shares") at a purchase price of $10.00
per Private Placement Share, to the Company's sponsor, TPG Pace Beneficial II
Sponsor, Series LLC, generating gross proceeds to the Company of approximately
$10,000,000.
A total of $400,000,000, comprised of $392,000,000 of the proceeds from the IPO,
including approximately $14,000,000 of the underwriters' deferred discount, and
$8,000,000 of the proceeds of the sale of the Private Placement Shares, were
placed in a U.S.-based trust account at JP Morgan Chase Bank, N.A., maintained
by Continental Stock Transfer & Trust Company, acting as trustee. An audited
balance sheet as of April 16, 2021 reflecting receipt of the proceeds upon
consummation of the IPO and the Private Placement has been issued by the Company
and is included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are filed with this Form 8-K:
Exhibit No. Description of Exhibits
99.1 Audited Balance Sheet, as of April 16, 2021
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TPG PACE BENEFICIAL II CORP. 
