Wednesday, August 27, 2025

Ex-Wipro CEO-led SPAC Compass Digital Acquisition Prices US$200 Million IPO

Special purpose acquisition company Compass Digital Acquisition Corp. (Nasdaq: CDAQU) started trading publicly on the Nasdaq Global Market today. The company is seeking to raise US$200 million in its initial public offering.

The offering consists of 20.0 million company units priced at US$10.00 per unit. Each unit is composed of one Class A share and one-third of a purchase warrant. Each whole warrant is redeemable for one Class A common share at US$11.50 per share.

The company units trade on the Nasdaq big board under the symbol “CDAQU”. Once the securities separate, the company shares and warrants will trade under the ticker symbols “CDAQ” and “CDAQW”, respectively.

The proposed offering is being managed by Citigroup Global Markets Inc. and J.P. Morgan Securities as the joint bookrunners. The underwriters were granted a 45-day over-allotment option to purchase additional 3.0 million company units at the same IPO price.

The blank check company is led by former IT firm Wipro CEO Abidali Neemuchwala serving as CEO while The Orogen CEO and former Citigroup CEO Vikram Pandit serves as a senior advisor. For its target business, the firm intends to focus on “technology-first IT and digital transformation software or services providers”.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Nord Precious Metals Identifies 29 Veins At Castle East Following 3D Modeling

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

Related News

Ex-Blue Origin President-Led SPAC C5 Acquisition Prices US$250 Million IPO

Blank check company C5 Acquisition Corporation (NYSE: CXAC.U) is looking to raise US$250 million for...

Monday, January 10, 2022, 04:46:00 PM

Commerce SPAC Omnichannel Acquisition Announces Redemption Following No Business Combination Deal

Special purpose acquisition company Omnichannel Acquisition Corp. (NYSE: OCA) announced that it will redeem all...

Monday, May 23, 2022, 05:04:00 PM

Cannabis Marketing Agency Springbig To Be Taken Public In SPAC Merger

Cannabis marketing platform Springbig is set to be taken public by special purpose acquisition company...

Thursday, December 23, 2021, 02:19:00 PM

SPAC Queen’s Gambit Growth Capital Secures Shareholder Approval Of Merger With Mass Transit Platform Swvl

Special purpose acquisition company Queen’s Gambit Growth Capital (Nasdaq: GMBT) announced on Wednesday that it...

Thursday, March 31, 2022, 02:19:00 PM

Chinese Biotech Firm LianBio Prices US$325 Million Nasdaq IPO

Biotech company LianBio (Nasdaq: LIAN) started trading on the Nasdaq Global Market today. The Shanghai-based...

Monday, November 1, 2021, 02:07:00 PM