DD3 Acquisition Corp. II announced the pricing of its upsized $110 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “DDMXU” tomorrow, Tuesday, December 8.
The new company aims to combine with a business that is fundamentally sound but underperforming due to market dislocation, underinvestment or excessive leverage. DD3 II is led by Chairman and CEO Dr. Martin M. Werner alongside COO and Director Jorge Combe and CFO Daniel Salim.
Total SPAC deal count for 2020 year-to-date is now 214 with $73.2 billion in gross proceeds raised. This offering is expected to close on Thursday, December 10.
EarlyBirdCaptital, Inc. is acting as the sole book-running manager of the offering. Greenberg Traurig, P.A. is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.