The SPAC in the registration filing also said funds affiliated with Baron Capital and MG Partners Multi-Strategy Fund have agreed to a $50 million forward purchase at the time of any business combination. DD3 II said it is interested in cross-border transactions, noting that the first iteration of the company, DD3 I, in March completed a business combination with Betterware, a consumer direct-selling company focused on the home organization segment. Read more.
Related Posts
Phoenix Biotech Acquisition Files for $155M IPO
The new SPAC plans to target healthcare or healthcare related industries in the United States and Europe, especially life sciences companies.
Jaws Juggernaut Files for $200M IPO
The SPAC will target wireless communications and related technology/product/service businesses that have attractive growth-oriented characteristics and strong underlying demand drivers.
Pivotal Investment III Abandons Extension Effort, will Liquidate
The SPAC initially sought an extension until Feb. 11, 2024, however, redemptions have erased nearly 93% of the trust, leaving Pivotal III with about $20.4 million from an IPO that raised $276 million in February 2021.
Kimbell Tiger Acquisition Files for $200M IPO
Kimbell Tiger plans to target companies in the energy and natural resources industry in North America.