DILA Capital Acquisition closed its IPO of 5.5 million units at $10 each.
Units list on the Nasdaq under DILAU. Each consists of one share of Class A common stock and one redeemable warrant, with each warrant exercisable to purchase one share at $11.50. Once the securities comprising the units begin separate trading, stock and warrants are expected to list under DILA and DILAW, respectively.
The new SPAC intends to focus its search on companies with significant operating technological advantage that are headquartered in Latin America, as well as businesses located in the United States which cater to the Hispanic community.
EarlyBirdCapital was sole book-running manager of the offering, and I-Bankers Securities was co-manager. The underwriters have a 45-day option to purchase up to an additional 825,000 units at the IPO price to cover any over-allotments. Read more.
