FinServ Acquisition Corp. II (NasdaqCM:FSRX.U) announced a private placement of 700,000 units at a price of $10 per unit for gross proceeds of $7,000,000 on February 2, 2021. The transaction will include participation from returning investors FinServ Holdings II LLC. Each unit consists one common share and and one-quarter of one redeemable warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of $11.50. The securities to be issued have a hold period of 30 days. The company has granted over-allotment option to the underwriters  as part of the transaction. The company will issue additional 775,000 units for $7,750,000 if over-allotment option is exercised. The units are non-redeemable.