DD3 Acquisition Corp. (DDMX), which held their shareholder vote to complete their combination back on February 7th, announced this afternoon that they finally made it through what was probably an arduous process to close their transaction with Betterware de Mexico S.A. de C.V. and become the first Mexican company to be directly listed on the NASDAQ Stock Market.
While it may have taken this combination quite a bit of time to wrap things up, we can now officially move DD3/Betterware to the “Completed” column.
Additionally, Betterware’s ordinary shares began trading on the Nasdaq Stock Market today, under the symbol, “BWMX“, while Betterware’s warrants are expected to be traded in the near future on the OTCQX market under the symbol “BWMXW“.
Founded in 1995, Betterware is a direct-to-consumer company in Mexico. Betterware is focused on the home solutions and organization segment, with a wide product portfolio for daily solutions including organization, kitchen preparation, food containers, smart furniture, among others.
Betterware has a distribution network of over 438,000 active distributors and associates, who serve approximately 3 million households in more than 800 communities throughout Mexico. Its main distribution center is located in Guadalajara, Jalisco.