Internet SPAC DP Cap Acquisition Prices US$200 Million IPO

Special purpose acquisition company DP Cap Acquisition Corp I (Nasdaq: DPCSU) 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 common share and one-half 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 “DPCSU”. Once the securities separate, the company shares and warrants will trade under the ticker symbols “DPCS” and “DPCSW”, respectively.

The proposed offering is being managed by Cowen and Company as the sole bookrunner, which the company granted a 45-day over-allotment option to purchase additional 3.0 million company units at the same IPO price.

The blank check company relayed that it is sponsored by DP Investment Management Sponsor. The firm is to be led by its Chairman of the Board, Scott Savitz–founder and managing partner of Data Point Capital, an internet-focused venture capital firm where American actor Leonardo DiCaprio sits as a special advisor.


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

Gold/Silver: People Can Still Lose Money In This Bull Market!? | Rick Rule

He Said $300 Silver!? | Peter Krauth

Dollar Will Collapse, Gold and Silver Are the Only Safe Havens | Jim Rogers

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Fashion Platform Rent The Runway Prices Upsized US$357 Million IPO

Fashion e-commerce platform Rent the Runway, Inc. (Nasdaq: RENT) started trading on the Nasdaq Global...

Wednesday, October 27, 2021, 02:15:00 PM

Start-Up EV Maker Rivian Files Paperwork for IPO

On August 27, the private start-up electric vehicle manufacturer Rivian submitted a widely anticipated confidential...

Tuesday, August 31, 2021, 03:37:00 PM

Fitness Operator F45 Training Closes US$279 Million IPO

Fitness center franchisor F45 Training Holdings Inc. (NYSE: FXLV) closed its initial public offering Monday,...

Tuesday, July 20, 2021, 10:25:00 AM

Multi-Billion Dollar Metals SPAC Deal Collapses Amidst Turbulent Negotiations

ACG Acquisition Co’s $1 billion metals deal, initially promising as it included a prominent global...

Friday, September 29, 2023, 12:18:00 PM

Biotech Firm OKYO Pharma Closes US$2.5 Million IPO

Biotech firm OKYO Pharma Limited (Nasdaq: OKYO) closed on Thursday its initial public offering on...

Saturday, May 21, 2022, 05:12:00 PM