DP Cap Acquisition I registered to offer 20 million units, each priced at $10 and consisting of one Class A ordinary share and one-half of a warrant.
The new SPAC’s acquisition interest is in the tech-enabled consumer and technology sectors, with a specific focus on e-commerce and marketplaces and enterprise software.
Chairman Scott Savitz is the founder of Data Point Capital and a managing partner.
Cowen is managing the offering. The underwriter has a 45-day option to purchase up to 3 million additional units to cover over-allotments, if any.
DP Cap saaid it has applied to list on the Nasdaq under DPCSU. Read more.
