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Oyster Enterprises II Acquisition CorpOYSE

Class A OYSEUnits OYSEURights OYSERCIK 0002042182

Cash in trust

$263.8M

$263,843,971

Trust per share

Redemption value

IPO

May 2025

$253.0M raised

Combination deadline

May 23, 2027

261 days remaining

Filings on record

40

Latest Aug 6, 2026

Overview

Oyster Enterprises II Acquisition Corp is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002042182. It completed its initial public offering in May 2025, raising $253.0M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker OYSE, units under OYSEU, rights under OYSER on Nasdaq. The vehicle is sponsored by Oyster Enterprises through Oyster Enterprises II LLC. The mandate targets generalist. IPO closed, trust funded, no definitive agreement announced.

We intend to focus on private companies which we believe offer an opportunity for shareholder value creation through the combination of (i) an attractive valuation entry point, (ii) a clear plan to unlock incremental value through operational and/or strategic improvements, (iii) access to public and private financing sources and (iv) implementation of best -in -class public company governance.
The mandate, as stated in the IPO prospectus

Reading the filings

Arithmetic on what Oyster Enterprises II Acquisition Corp has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.

  • Time on the clock

    261 days to the May 23, 2027 deadline. The vehicle is early in its search window, and the deadline is not yet the binding constraint.

  • Sponsor record

    Oyster Enterprises has launched 3 vehicles. Of the 1 that have resolved, 0 closed a combination and 1 liquidated, a 0% completion rate. A sponsor's record is not a forecast, but it does tell you whether the team has taken a deal across the line before.

  • Underwriting

    BTIG led the offering. It has been named on 68 SPAC IPOs, book-running 63 of them, and 13.8% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.

Scores

Recomputed 4m ago

Three readings of Oyster Enterprises II Acquisition Corp, each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built

Edge

Moderate

How much does the structure protect a holder right now?

34/100

  • Runway35

    261 days

  • Sponsor record33

    0.0%

Edge reads the setup, not the business. A vehicle can score well on protection and still be a poor place to leave money once a deal closes.

FOMO

Low

How much attention is this vehicle attracting right now?

7/100

  • Filing activity14

    1 in 30 days

  • News coverage0

    0 stories in 30 days

Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.

Potential

Elevated

How likely is this vehicle to complete a combination, and at what scale?

54/100

  • Sponsor record33

    0.0%

  • Lead bank record45

    13.8%

  • Bank franchise70

    68 SPAC mandates

  • Trust scale81

    $264M

  • Stage40

    searching

Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.

These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.

SEC filing history

Free tier: filings older than 24 hours
  • 10-Q

    Quarterly report

    Accession 0001213900-26-085929

    Aug 6, 2026

    29d ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-26-052913

    May 6, 2026

    4mo ago

    Open filing
  • 10-K

    Annual report

    Accession 0001213900-26-025219

    Mar 9, 2026

    5mo ago

    Open filing
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0000312069-26-000031

    Feb 11, 2026

    6mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001905106-25-000074

    Nov 14, 2025

    9mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0000312069-25-000608

    Nov 12, 2025

    9mo ago

    Open filing
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001167557-25-000030

    Nov 12, 2025

    9mo ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-25-104691

    Oct 31, 2025

    10mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001076809-25-000093

    Aug 14, 2025

    1y ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001905106-25-000034

    Aug 14, 2025

    1y ago

    Open filing
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001085146-25-005069

    Aug 14, 2025

    1y ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001085146-25-004892

    Aug 12, 2025

    1y ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-25-073777

    Aug 8, 2025

    1y ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-25-062065

    Jul 8, 2025

    1y ago

    Open filing
  • SCHEDULE 13D

    Beneficial ownership report (activist)

    Accession 0001213900-25-049672

    Jun 2, 2025

    1y ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-25-049517

    May 30, 2025

    1y ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-25-047965

    May 28, 2025

    1y ago

    Open filing
  • 8-K

    Entry into a material definitive agreement; Other events

    Items 1.01, 3.02, 5.02, 5.03, 8.01, 9.01 · Accession 0001213900-25-047509

    May 24, 2025

    1y ago

    Open filing
  • 424B4

    Final IPO prospectus

    Accession 0001213900-25-046913

    May 22, 2025

    1y ago

    Open filing
  • EFFECT

    Notice of effectiveness

    Accession 9999999995-25-001691

    May 22, 2025

    1y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-046569

    May 22, 2025

    1y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-046568

    May 22, 2025

    1y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-046567

    May 22, 2025

    1y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-046566

    May 22, 2025

    1y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-046565

    May 22, 2025

    1y ago

    Open filing
  • S-1MEF

    Registration of additional IPO securities

    Accession 0001213900-25-046559

    May 22, 2025

    1y ago

    Open filing
  • CERT

    Exchange listing certification

    Accession 0001354457-25-000437

    May 21, 2025

    1y ago

    Open filing
  • 8-A12B

    Registration of securities on an exchange

    Accession 0001213900-25-046251

    May 21, 2025

    1y ago

    Open filing
  • CORRESP

    Correspondence with SEC staff

    Accession 0001213900-25-045725

    May 20, 2025

    1y ago

    Open filing
  • CORRESP

    Correspondence with SEC staff

    Accession 0001213900-25-045724

    May 20, 2025

    1y ago

    Open filing

Oyster Enterprises II Acquisition Corp: questions answered

What is Oyster Enterprises II Acquisition Corp (OYSE)?

Oyster Enterprises II Acquisition Corp is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002042182. It completed its initial public offering in May 2025, raising $253.0M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker OYSE, units under OYSEU, rights under OYSER on Nasdaq. The vehicle is sponsored by Oyster Enterprises through Oyster Enterprises II LLC. The mandate targets generalist. IPO closed, trust funded, no definitive agreement announced.

How much does Oyster Enterprises II Acquisition Corp hold in trust?

Approximately $263,843,971, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

When must Oyster Enterprises II Acquisition Corp complete a merger?

By May 23, 2027. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.

What happens if Oyster Enterprises II Acquisition Corp does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in Oyster Enterprises II Acquisition Corp, and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

What tickers does Oyster Enterprises II Acquisition Corp trade under?

Class A shares trade as OYSE on Nasdaq, the units as OYSEU, with rights as OYSER. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.

Is the trust value the same as the share price for Oyster Enterprises II Acquisition Corp?

No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.

How much dilution do Oyster Enterprises II Acquisition Corp's founder shares and warrants create?

Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.

Who sponsors Oyster Enterprises II Acquisition Corp, and what is their track record?

Oyster Enterprises II LLC is the sponsor entity, part of the Oyster Enterprises franchise. That franchise has launched 3 vehicles in total, of which 0 closed a combination and 1 liquidated, a 0% completion rate on resolved vehicles. Named principals: Heath B. Freeman, Mario A. Zarazua.

Which banks underwrote the Oyster Enterprises II Acquisition Corp IPO?

BTIG. BTIG was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is Oyster Enterprises II Acquisition Corp tradeable, and where?

Yes. OYSE returned a live quote of $10.41 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.

Is Oyster Enterprises II Acquisition Corp a good investment?

That is not a question this site answers. Oyster Enterprises II Acquisition Corp is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this Oyster Enterprises II Acquisition Corp data come from?

Filings Oyster Enterprises II Acquisition Corp submitted to the SEC under CIK 0002042182: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Sep 4, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

Read the full methodology · What is in the dataset · Report a correction

SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.

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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.