DD3 II(NASDAQ:DDMX) secured shareholder approval of its combination with gaming platform Codere Online in a special meeting yesterday.
Present at the special meeting were holders of 11,086,703 shares of common stock, par value $0.0001 per share, representing approximately 69.31% of the voting power.
Although today’s press release and 8-K did not disclose redemption amounts, DDMX traded above $10 throughout its redemption deadline November 16.
The deal is expected to close on November 30, and the combined company’s shares and warrants are expected to begin trading on the Nasdaq Capital Market under the symbols “CDRO” and “CDROW,” respectively, following the consummation of the business combination.
DD3 II initially announced its $353 million deal with Codere in June. Madrid-based Codere Online is the internet division of the Codere Group (MD:CDRE), which operates physical casinos in Spain, Italy, Mexico, Colombia and Panama. Codere Online offers sports betting and online casino features on the web and mobile.
DD3 completed its first deal when it closed its transaction with Betterware (NASDAQ:BWMX) on March 13, 2020. Betterware sells appliances and household goods to the Mexican market through an ecommerce portal.
ADVISORS
- Stifel is serving as financial and capital markets advisor to Codere Online.
- Davis Polk & Wardwell is acting as U.S. legal advisor to Codere Online.
- Clifford Chance is acting as legal advisor to Codere Online in Luxembourg.
- Deloitte is serving as accounting advisor to Codere Online.
- EarlyBirdCapital is acting as financial and capital markets advisor as well as placement agent to DD3.
- Greenberg Traurig and Pérez-Llorca are acting as legal advisor to DD3.
- Stibbe is acting as legal advisor to DD3 in Luxembourg.
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...
Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....