INSU Acquisition Corp. II announced a private placement of 540,000 placement units at a purchase price of $10 per unit for gross proceeds of $5,400,000 and aggregate proceeds of $5,325,000 on July 30, 2020. Each unit will consist of one share of Class A common stock and one-third of one warrant. Each whole placement warrant is exercisable for one share of Class A common stock at a price of $11.50 per share. The warrants will be non-redeemable. The transaction will include participation from accredited investors including Insurance Acquisition Sponsor II, LLC and Dioptra Advisors II, LLC who will subscribe for 452,500 units and Cantor Fitzgerald, L.P., who will subscribe for 87,500 units. The securities to be issued in the transaction are subject to a 180-day lock-up period. The securities will be issued pursuant to regulation D.