DP Cap Acquisition Corp I *
SUBSEQUENT EVENT – 11/20/24 – LINK
- Sponsor Purchase Agreement:
- The Sponsor entered into a purchase agreement with Highview Bridge, LLC. The Sponsor will transfer to Highview an aggregate of 3,112,499 Class A Ordinary Shares and 3 Class B Ordinary Shares of the SPAC.
- The Sponsor agreed to cancel an aggregate of 4,733,333 private placement warrants.
- Xixuan Hei was appointed chairman, chief executive officer, and chief financial officer.
- The SPAC and Cowen agreed to waive any entitlement it had to deferred underwriting discounts.
EXTENSION – 11/13/24 – LINK
- The SPAC approved the extension from November 12, 2024 to November 12, 2025.
- 1,451,905 shares were redeemed.
- No contribution will be made into the trust account.
EXTENSION – 2/12/24 – LINK
- The SPAC approved the extension from February 12, 2024 to November 12, 2024.
- 2,559,402 shares were redeemed at the meeting for $10.91 per share.
- $0.0333/Share contribution will be made into the trust account each month.
EXTENSION – 5/15/23 – LINK
- The SPAC approved the extension from May 12, 2023 to November 12, 2023 with the option to extend 3 more months until February 12, 2024.
- 18,940,598 shares were redeemed at the meeting for $10.51 per share.
- No contribution will be made into the trust account.
SUBSEQUENT EVENT – 5/5/23 – LINK
- The SPAC entered into a non-redemption agreement with several unaffiliated third parties in exchange for them agreeing not to redeem an aggregate of 4,000,000 shares
- The Sponsor has agreed to transfer up to 1,000,000 Class B ordinary shares of the Company to Investors for an extension until the Initial Extension Date and up to 1,500,000 Class B ordinary shares if the Board agrees to extend the date further to the Secondary Extension Date.
MANAGEMENT & BOARD
Executive Officers
Xixuan Hei , 31 [Appointed]
Chairwoman, Chief Executive Officer and Chief Financial Officer
Xixuan Hei has a strong background in finance, digital innovation, and legal-tech solutions. Ms. Hei is the founder of Herr Gallery, a WebVR NFT platform that drives innovation in virtual spaces and digital art, which she founded in August 2021. Ms. Hei is a CFA Level III candidate and holds a Master of Science in Finance from Johns Hopkins University, a Master of Science in Business Intelligence & Analytics from Stevens Institute of Technology, and a Bachelor of Economics in International Economy & Trade from North China University of Technology.
Martin Zinny, 50 [Resigned]
Director, Chief Executive Officer and Chief Financial Officer
Mr. Zinny brings two decades of public market investment experience with a focus on deep fundamental company and industry analysis across the consumer and tech-enabled consumer subsectors. Over his career as an equity analyst and portfolio manager, Mr. Zinny successfully led investment management teams through a multitude of business and market cycles. Additionally, over this time he evaluated and assisted with numerous initial public offerings. Mr. Zinny has held both Analyst and Portfolio Manager positions at many highly regarded investment firms. After receiving his MBA, Mr. Zinny joined Fidelity Investments, where he rose to be the Head of the Consumer Team. He left Fidelity to join Whale Rock Capital and has also worked at Point72, Omega Advisors, and Millennium. Prior to business school he worked at KPMG in the Audit Division and as an Investment Associate at Putnam Investments.
Scott Savitz, 52 [Appointed as CEO] [Resigned]
Chairman and Chief Executive Officer
Mr. Savitz is the Founder of Data Point Capital and a Managing Partner. Mr. Savitz is a strong advocate of entrepreneurship and innovation, especially where it aims to raise the bar on the consumer experience. Scott is also the founder and former CEO of Shoebuy.com. Mr. Savitz founded Shoebuy in 1999, and served as its CEO through its sale to InterActive Corporation (“IAC”). Further, Mr. Savitz serves on the boards of CoachUp, Jebbit, Print Syndicate, Returnalyze, UpShift, Yieldify and Vee24. Mr. Savitz has also previously served as an Advisor for Olejo Stores (acquired by Mattress Firm), On The Spot Systems, Inc. (acquired by Press Ganey), Bluestem Brands (acquired by Capmark Financial Group), and Paintzen (acquired by PPG Industries). Scott also led Data Point Capital investments in CABA Designs, CLYPD (sold to AT&T), connectRN, DraftKings (NASDAQ: DKNG), Rent The Runway and Resident. He also serves on several committees focused on fostering growth and a more robust economy including the Massachusetts Technology Collaborative, Boch Center, and Co-Chair of 12 X 12 and Mass Scale. He is a frequent industry speaker and has received numerous awards and accolades including Ernst & Young’s New England Entrepreneur of the Year.
Dan Lynch, – [Appointed] [Resigned]
Chairman
Dan Lynch is the Vice President of Finance at Data Point Capital. Prior to joining Data Point Capital in 2022, Mr. Lynch was Vice President of Finance at Berkshire Partners in Boston from 2016 to 2022. He began his career in the audit practice of PwC’s Boston office serving a variety of public and private asset management clients. Mr. Lynch obtained an MS in Accounting from Boston College, and his BA in Accounting from Saint Anselm College.
Board of Directors
Lars Albright, 46 [Resigned]
Director
Prior to Mastercard, Mr. Albright helped establish SessionM’s reputation in the customer data management and engagement field, working with a number of large, innovative brands to help them build stronger relationships through smarter customer engagement. SessionM was acquired by Mastercard in the fall of 2019. Prior to co-founding SessionM, Mr. Albright was an executive at Apple, Inc. as a member of Apple’s iAd mobile advertising business unit. While at iAd, Mr. Albright worked on a variety of initiatives including running partnerships and alliances in the U.S., Europe and Asia. Before Apple, Mr. Albright was a Co-Founder and Senior Vice President of Business Development at Quattro Wireless, a leading mobile advertising platform that was acquired by Apple in 2010. Prior to Quattro, Mr. Albright was Vice President of Business Development at m-Qube, North America’s dominant mobile aggregator that was acquired by VeriSign in 2006. Mr. Albright is actively involved in the entrepreneurial community, serving as a Special Advisor to Data Point Capital in addition to working closely with several early stage start-ups along with non-profit organizations.
Diane Hessan, 66 [Resigned]
Director
Diane Hessan is a successful marketer, entrepreneur, and author. She is the founder, former Chairman & CEO of Communispace, a customer focused social networking company which was successfully acquired by Omnicom. During her leadership, the company expanded to over 500 employees and received numerous awards for impact, innovation and culture. During this time Ms. Hessan worked with over 200 global corporate clients. Ms. Hessan co-authored the book Customer-Centered Growth: Five Strategies for Building Competitive Advantage. The book was a Business Week best-seller and was published in 11 languages. She has received many honors for her leadership, including Ernst & Young’s Entrepreneur of the Year (National Finalist), the Greater Boston Chamber of Commerce Entrepreneur of the Year, Boston Business Journal Most Admired CEO, the Boston Chamber Pinnacle Award, a Mass High-Tech All-Star, and a range of Best Boss citations. Ms. Hessan has served on the boards of numerous organizations including The Tufts University Board of Trustees, Panera Bread, Eastern Bank, The Boston Philharmonic (where she was chair), the Advertising Research Foundation, and Horizons for Homeless Children. She also serves as a Special Advisor to Data Point Capital.
Leonard Schlesinger, 68 [Resigned]
Director
Leonard Schlesinger is a Baker Foundation Professor of Business Administration at Harvard Business School after concluding a five-year term as President of Babson College. Prior to Babson, Mr. Schlesinger was at Limited Brands (now L Brands), where he served as Vice Chairman and Chief Operating Officer, and before that was Executive Vice President and Chief Operating Officer at Au Bon Pain. Mr. Schlesinger also serves as a Special Advisor to Data Point Capital and as an advisor to Omnichannel Acquisition Corp. Mr. Schlesinger currently serves as Vice Chairman of the Board of the Network for Teaching Entrepreneurship (NFTE), a Director of Viewpost, LLC, a Director of Restoration Hardware, a member of the Corporation of the Winsor School, a member of the President’s Council of the Franklin W. Olin College of Engineering, an advisory council member of Goldman Sachs’ 10,000 Small Businesses Initiative, and as a member of both the Council on Competitiveness and the Council on Foreign Relations.
