The new company aims to combine with a disruptive technology target valued at between $1 billion and $2 billion. DPCM is led by Chairman and CEO Emil Michael, CFO Ignacio Tzoumas and Chief Legal Officer and Secretary Kyle Wood.
Total SPAC deal count for 2020 year-to-date is now 152 with $57.4 billion in gross proceeds raised. This offering is expected to close on Friday, October 23.
UBS Securities LLC is acting as sole book-running manager of the offering. Greenberg Traurig, P.A. is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.