DD3 Acquisition Corp. II has announced its upsized $110 million initial public offering pricing.
On Dec. 7, the Mexico-based company priced its IPO of 11 million units – upsized from 10 million units – at $10 per unit. According to a release, the offering is “being made only by means of a prospectus” which can be obtained from EarlyBirdCapital, Inc., the acting book-runner for the company.
Underwriters were granted a 45-day option to purchase 1.65 million additional units to cover for any over-allotments.
Starting Dec. 8, the units are listed on the Nasdaq Capital Market and can be traded under the “DDMXU” ticker symbol. According to the release, a unit comprises one share of DD3 Acquisition Corp. II’s Class A common stock and one-half of one redeemable warrant. The holder is entitled to purchase one share of Class A common stock at $11.50 per share for each whole warrant.
It will be listed under “DDMX” and “DDMXW” after the securities involving the units starts separate trading.
According to the release, DD3 Acquisition Corp. II was established with the intention of a capital stock exchange, stock purchase, asset acquisition, recapitalization, reorganization, merger and other related business combination with one or more entities.
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