Roman DBDR Acquisition Corp. II Successfully Completes $200 Million IPO
In a significant move within the financial sector, Roman DBDR Acquisition Corp. II proudly announced the completion of its initial public offering (IPO), raising an impressive $200 million. This successful offering involved the sale of 20 million units, each priced at $10.
Trading commenced for the units on December 13, 2024, on the Nasdaq Global Market under the ticker symbol "DRDBU." Each unit is composed of one Class A ordinary share along with one-half of a redeemable warrant. The entire warrant permits the holder to purchase one full Class A share at a set price of $11.50 per share, subject to specific adjustments as necessary.
What's notable is that upon the separation of units, the Class A shares, along with the warrants, will trade independently on Nasdaq. The anticipated ticker symbols for the Class A ordinary shares and the warrants will be "DRDB" and "DRDBW," respectively.
As a result of this IPO, and concurrent with a private placement of warrants, approximately $201 million has been deposited into the company’s trust account, equating to around $10.05 per unit sold. Roman DBDR Acquisition Corp. II is categorized as a blank check company, which implies its primary goal is to execute a merger with, or acquire, existing businesses. The company is focused on identifying targets in the cybersecurity, artificial intelligence, or financial technology sectors, indicating a strategic approach to its future endeavors.
Leading the management team is Chief Executive Officer and Chairman Dixon Doll, Jr., alongside Chief Financial Officer John C. Small, and Chief Technology Officer Dr. Donald G. Basile. Additionally, the Board of Directors includes experienced professionals like James Nelson, James Nevels, Bryn Sherman, and Michael Woods, all of whom bring invaluable expertise to guide the company's trajectory.
The initial public offering was also facilitated by B. Riley Securities, which acted as the exclusive book-running manager for this offering. Furthermore, an option was provided to underwriters allowing them to purchase an extra 3 million units within a 45-day window to manage any over-allotment activities.
It’s essential to note that this offering was made solely through a prospectus published by the company. Any investor inquiries could be directed to B. Riley Securities.
A registration statement outlining details concerning these securities was approved by the U.S. Securities and Exchange Commission (SEC) on December 12, 2024. However, this announcement does not serve as an offer or solicitation of any kind in states or jurisdictions where such dealings would be prohibited prior to regulatory approval.
As a forward-looking statement, the company acknowledges that various uncertainties could affect its ability to utilize IPO proceeds as intended, and it has committed to keeping stakeholders updated on any significant developments post-IPO.
By successfully navigating the IPO process, Roman DBDR Acquisition Corp. II has positioned itself strategically within an evolving financial landscape, ready to make impactful business combinations that align with its mission and industry trends.
Trading commenced for the units on December 13, 2024, on the Nasdaq Global Market under the ticker symbol "DRDBU." Each unit is composed of one Class A ordinary share along with one-half of a redeemable warrant. The entire warrant permits the holder to purchase one full Class A share at a set price of $11.50 per share, subject to specific adjustments as necessary.
What's notable is that upon the separation of units, the Class A shares, along with the warrants, will trade independently on Nasdaq. The anticipated ticker symbols for the Class A ordinary shares and the warrants will be "DRDB" and "DRDBW," respectively.
As a result of this IPO, and concurrent with a private placement of warrants, approximately $201 million has been deposited into the company’s trust account, equating to around $10.05 per unit sold. Roman DBDR Acquisition Corp. II is categorized as a blank check company, which implies its primary goal is to execute a merger with, or acquire, existing businesses. The company is focused on identifying targets in the cybersecurity, artificial intelligence, or financial technology sectors, indicating a strategic approach to its future endeavors.
Leading the management team is Chief Executive Officer and Chairman Dixon Doll, Jr., alongside Chief Financial Officer John C. Small, and Chief Technology Officer Dr. Donald G. Basile. Additionally, the Board of Directors includes experienced professionals like James Nelson, James Nevels, Bryn Sherman, and Michael Woods, all of whom bring invaluable expertise to guide the company's trajectory.
The initial public offering was also facilitated by B. Riley Securities, which acted as the exclusive book-running manager for this offering. Furthermore, an option was provided to underwriters allowing them to purchase an extra 3 million units within a 45-day window to manage any over-allotment activities.
It’s essential to note that this offering was made solely through a prospectus published by the company. Any investor inquiries could be directed to B. Riley Securities.
A registration statement outlining details concerning these securities was approved by the U.S. Securities and Exchange Commission (SEC) on December 12, 2024. However, this announcement does not serve as an offer or solicitation of any kind in states or jurisdictions where such dealings would be prohibited prior to regulatory approval.
As a forward-looking statement, the company acknowledges that various uncertainties could affect its ability to utilize IPO proceeds as intended, and it has committed to keeping stakeholders updated on any significant developments post-IPO.
By successfully navigating the IPO process, Roman DBDR Acquisition Corp. II has positioned itself strategically within an evolving financial landscape, ready to make impactful business combinations that align with its mission and industry trends.
Topics Financial Services & Investing）
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