Tishman Speyer Innovation Corp. II (OTCMKTS:TSIBU) is a special purpose acquisition company (SPAC) formed in early 2021 and sponsored by Tishman Speyer, a leading global real estate firm. The company’s shares and warrants trade on the OTC Markets, and its sole purpose is to effect a merger, capital stock exchange, asset acquisition, reorganization or similar business combination with one or more businesses.
The SPAC is focused on identifying and partnering with technology-driven companies operating at the intersection of real estate and innovation. Target sectors include proptech platforms, smart building solutions, sustainable infrastructure technologies and digital asset management services. To fund its search for a suitable combination, the company raised capital through the sale of units comprising one share of common stock and a fraction of a warrant, with the proceeds held in trust until deployment in a qualifying transaction.
The sponsor, Tishman Speyer Innovation II Sponsor LLC, benefits from the resources and global platform of its parent, Tishman Speyer, which was founded in 1978 and is headquartered in New York City. Under the leadership of President and CEO Rob Speyer, alongside Chairman Jerry Speyer, Tishman Speyer has developed, managed and invested in landmark properties across North America, Europe and Asia. The SPAC’s board and management team leverage this real estate expertise and capital markets experience to pursue growth opportunities in emerging technology sectors aligned with the built environment.
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