DHC Acquisition priced its upsized IPO of 30 million units at $10 each. The SPAc offered 5 million mor units than initially planned.
Units begin trading today on the Nasdaq under DHCAU. Each consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under DHCA and DHCAW, respectively.
The offering is expected to close March 4.
DHC Acquisition intends to focus on the technology, aerospace/defense, enterprise software, automotive supply chain, consumer and E-commerce sectors. Read more.
