DD3 Acquisition III in a letter to the SEC withdrew its offering of 15 million units that were initially registered in March 2021.
The SPAC had planned to focus its search for target businesses in Mexico and Hispanic businesses in the United States.
CEO and Chairman Dr. Martin M. Werner is also CEO and chair of DD3 Acquisition II. He served in the same capacity with DD3 Acquisition I through the completion of its business combination with Betterware in March 2020, and continues to serve as a member of Betterware’s board. He is a co-founding partner of DD3 Capital, a private investment and financial services firm headquartered in Mexico City.
Morgan Stanley was to serve as sole book-running manager with EarlyBirdCapital tapped as co-manager.
DD3 Acquisition III had applied for a Nasdaq listing under ticker symbol DIIIU. Read more.
