MEXICO CITY, Dec. 7, 2020 /PRNewswire/ -- DD3 Acquisition
Corp. II (the "Company"), today announced the pricing of its
initial public offering of 11,000,000 units upsized from 10,000,000
units at a price of $10.00 per unit.
The units are expected to be listed on the Nasdaq Capital Market
and trade under the ticker symbol "DDMXU" beginning December 8, 2020. Each unit consists of one share
of the Company's Class A common stock and one-half of one
redeemable warrant. Each whole warrant entitles the holder thereof
to purchase one share of Class A common stock at a price of
$11.50 per share. Once the securities
comprising the units begin separate trading, the Company expects
that its Class A common stock and warrants will be listed on the
Nasdaq Capital Market under the symbols "DDMX" and "DDMXW,"
respectively.
The Company has also entered into forward purchase agreements
for the purchase of an aggregate of up to 5,000,000 shares of Class
A common stock with certain funds affiliated with Baron Capital
Group, Inc. and MG Partners Multi-Strategy Fund LP. Any such
purchases will take place in a private placement that will close
substantially concurrently with the closing of the Company's
initial business combination.
The Company was formed for the purpose of entering into a
merger, capital stock 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 it
intends to focus on businesses in Mexico and Hispanic businesses in the United States.
EarlyBirdCapital, Inc. is acting as sole book-running manager of
the offering. The Company has granted the underwriters a 45-day
option to purchase up to an additional 1,650,000 units at the
initial public offering price to cover over-allotments, if any.
The offering is being made only by means of a prospectus. Copies
of the prospectus may be obtained, when available, from
EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New York, NY 10017, Attn: Syndicate
Department, 212-661-0200.
Registration statements relating to the securities have been
filed with the U.S. Securities and Exchange Commission (the "SEC")
and became effective on December 7,
2020. This press release shall not constitute an offer to
sell or the 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 contains
statements that constitute "forward-looking statements," including
with respect to the proposed initial public offering and the
anticipated use of the net proceeds thereof. 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. Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's registration statement and
preliminary prospectus for the Company's offering filed with the
SEC. Copies of these documents are available on the SEC's website,
www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
Contact:
DD3 Acquisition Corp. II
contact@dd3.mx
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SOURCE DD3 Acquisition Corp. II