Oyster Enterprises II Acquisition CorpOYSE
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.”
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 agoThree 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
ModerateHow 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
LowHow 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
ElevatedHow 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
- 10-Q
Quarterly report
Accession 0001213900-26-052913
- 10-K
Annual report
Accession 0001213900-26-025219
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000312069-26-000031
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001905106-25-000074
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0000312069-25-000608
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001167557-25-000030
- 10-Q
Quarterly report
Accession 0001213900-25-104691
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001076809-25-000093
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001905106-25-000034
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001085146-25-005069
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001085146-25-004892
- 10-Q
Quarterly report
Accession 0001213900-25-073777
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-25-062065
- SCHEDULE 13D
Beneficial ownership report (activist)
Accession 0001213900-25-049672
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-25-049517
- 4
Statement of changes in beneficial ownership
Accession 0001213900-25-047965
- 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
- 424B4
Final IPO prospectus
Accession 0001213900-25-046913
- EFFECT
Notice of effectiveness
Accession 9999999995-25-001691
- 3
Initial statement of beneficial ownership
Accession 0001213900-25-046569
- 3
Initial statement of beneficial ownership
Accession 0001213900-25-046568
- 3
Initial statement of beneficial ownership
Accession 0001213900-25-046567
- 3
Initial statement of beneficial ownership
Accession 0001213900-25-046566
- 3
Initial statement of beneficial ownership
Accession 0001213900-25-046565
- S-1MEF
Registration of additional IPO securities
Accession 0001213900-25-046559
- CERT
Exchange listing certification
Accession 0001354457-25-000437
- 8-A12B
Registration of securities on an exchange
Accession 0001213900-25-046251
- CORRESP
Correspondence with SEC staff
Accession 0001213900-25-045725
- CORRESP
Correspondence with SEC staff
Accession 0001213900-25-045724
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
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
Oyster Enterprises: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
BTIG in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Generalist SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All spacs searching for a target
IPO closed, trust funded, no definitive agreement announced.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.