DHB Capital Corp. (DHBCU) Prices $250M IPO


DHB Capital Corp. (DHBCU) Prices $250M IPO

DHB Capital Corp. announced the pricing of its $250 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “DHBCU,” Tuesday, March 2.

The new company aims to combine with a financial services target that would benefit from the application of innovative new technology. DHB is led by Co-Executive Chairmen Richard M. DeMartini and Robert J. Hurst alongside CEO and President Alex Binderow.

Total SPAC deal count for 2021 year-to-date is now 196. This offering is expected to close on Thursday, March 4.

BofA Securities, Inc. and RBC Capital Markets, LLC are acting as the book-running managers for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.