Stillwater Growth I registered to offer 30 million units, each consisting of one share of Class A common stock and one-third of one redeemable warrant. Whole warrants exercisable at $11.50.
Sponsor D Squared Sponsor has committed to purchase warrants at $1.50 each up to $7.9 million.
The new SPAC’s acquisition focus is on high-growth technology or technology-enabled companies.
Stillwater I is led by CEO Mark Bradley, a founding partner of DBO Partners, and Chairman George Still, Jr., currently lead independent director and vice-chairman of Workday. Still is also a member of the board of directors of various private companies, including Inxeption, and Brightplan. In addition, he manages Still Capital Partners, which he founded in 2014.
The SPAC plans to apply for a Nasdaq listing under SWGCU. Read more.
