DP Cap Acquisition Corp. I (DPCSU) Prices $200M IPO


DP Cap Acquisition Corp. I (DPCSU) Prices $200M IPO

DP Cap Acquisition Corp. I announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DPCSU” Tuesday, November 9.

The new SPAC intends to combine with technology-based businesses, including e-commerce, marketplaces, and enterprise software, which have proven their ability to grow rapidly. DP Cap Acquisition Corp. I is led by Scott Savitz, the chairman of the Board, and CEO and CFO Martin Zinny.

Total SPAC deal count for 2021 year-to-date is now 529. This offering is expected to close on Thursday, November 11.

Cowen and Company, LLC is the sole bookrunner for this offering. Latham & Watkins LLP is serving as Issuer’s Counsel with Skadden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. Marcum, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.