Roman DBDR Tech Acquisition Corp. (DBDRU) Prices $220M IPO


Roman DBDR Tech Acquisition Corp. (DBDRU) Prices $220M IPO

Roman DBDR Tech Acquisition Corp. announced the pricing of its $220 million IPO this morning and its units are expected to begin trading on the Nasdaq under the symbol “DBDRU” today, November 6.

The new company aims to combine with a target valued at $500 million to $1.5 billion in the information security space with an emphasis on the cloud data storage and information security spaces. Roman DBDR is led by Chairman and Co-CEO Dr. Donald G. Basile, Co-CEO Dixon Doll Jr. and CFO John C. Small.

Total SPAC deal count for 2020 year-to-date is now 170 with $62.7 billion in gross proceeds raised. This offering is expected to close on Tuesday, November 10.

B. Riley Securities, Inc. is acting as the sole book-running manager for the offering. Ellenoff Grossman & Schole LLP 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.