DD3 Acquisition Corp. Announces Pricing of Initial Public Offering
October 11 2018 - 5:11PM
Business Wire
DD3 Acquisition Corp. (Nasdaq:DDMXU) (the “Company”) announced today that its Registration
Statement on Form S-1 was declared effective by the Securities and
Exchange Commission. The closing of the Company’s initial public
offering of 5,000,000 units is expected to occur on or about
October 16, 2018. Each unit consists of one ordinary share, no par
value (“Ordinary Shares”), and one
warrant (“Warrant”), with each Warrant
entitling the holder to purchase one Ordinary Share at a price of
$11.50. Each unit will be sold at an offering price of $10.00 per
unit for aggregate gross proceeds of $50,000,000. Once the
securities comprising the units begin separate trading, the
Ordinary Shares and Warrants are expected to be traded on Nasdaq
under the symbols “DDMX” and “DDMXW,” respectively.
EarlyBirdCapital, Inc. acted as sole book-running manager of the
offering, and I-Bankers Securities, Inc. acted as co-manager. The
offering was made only by means of a prospectus, copies of which
may be obtained from EarlyBirdCapital, Inc., 366 Madison Avenue,
8th Floor, New York, NY 10017, Attn: Investor Relations,
212-661-0200. Copies are also available on the Securities and
Exchange Commission’s website, www.sec.gov.
DD3 Acquisition Corp. is a newly formed blank check company
organized for the purpose of entering into a merger, share
exchange, asset acquisition, stock purchase, recapitalization,
reorganization, or other similar business combination with one or
more businesses or entities. The Company’s efforts to identify a
prospective target business will not be limited to a particular
industry or geographic region, although the Company initially
intends to focus on target businesses located in Mexico and
Hispanic businesses in the United States.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Forward Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, including with respect to the initial public offering
and the anticipated use of the proceeds thereof, are subject to
risks and uncertainties, which could cause actual results to differ
from the forward looking statements, including those set forth in
the risk factors section of the prospectus used in connection with
the Company’s initial public offering. No assurance can be given
that the offering discussed above will be completed on the terms
described, or at all, or that the net proceeds of the offering will
be used as indicated. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181011005933/en/
DD3 Acquisition Corp.Daniel Salim, +52 (55) 8647 0467Chief
Financial Officer
DD3 Acquisition Corporat... (NASDAQ:DDMXU)
Historical Stock Chart
From May 2024 to Jun 2024
DD3 Acquisition Corporat... (NASDAQ:DDMXU)
Historical Stock Chart
From Jun 2023 to Jun 2024