DHB Capital Corp. Announces Pricing of $250,000,000 Initial Public Offering
02 Mars 2021 - 2:45AM
DHB Capital Corp. (the “Company”) announced today that it priced
its initial public offering of 25,000,000 units, at $10.00 per
unit. The units will be listed on The Nasdaq Capital Market
(“Nasdaq”) and trade under the ticker symbol “DHBCU” beginning
March 2, 2021. Each unit consists of one share of Class A common
stock and one-third of one redeemable warrant. Each whole warrant
entitles the holder thereof to purchase one share of Class A common
stock at a price of $11.50 per share. Only whole warrants are
exercisable. Once the securities comprising the units begin
separate trading, the shares of Class A common stock and redeemable
warrants are expected to be listed on Nasdaq under the symbols
“DHBC” and “DHBCW,” respectively.
The Company is a blank check company formed for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses. While the Company may pursue an initial
business combination target in any industry, it currently intends
to concentrate its efforts in identifying businesses in the
financial and business services industry, with a focus on
differentiated financial services and financial services-adjacent
platforms. The Company is led by Richard M. DeMartini, Co-Executive
Chairman, Robert J. Hurst, Co-Executive Chairman, and Alex
Binderow, Chief Executive Officer, President and Director.
BofA Securities and RBC Capital Markets, LLC are acting as joint
book-running managers in the offering. The Company has granted the
underwriters a 45-day option to purchase up to an additional
3,750,000 units at the initial public offering price to cover
over-allotments, if any.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus may be obtained from BofA
Securities, Attention: Prospectus Department, NC1-004-03-43, 200
North College Street, 3rd floor, Charlotte, NC 28255-0001, or by
emailing dg.prospectus_requests@bofa.com; or RBC Capital Markets,
LLC, Attn: RBC Capital Markets, LLC, Attn: Equity Syndicate, 200
Vesey Street, 8th Floor, New York, New York 10821, telephone: (877)
822-4089 or email: equityprospectus@rbccm.com.
A registration statement relating to the securities has been
filed with, and was declared effective by, the U.S. Securities and
Exchange Commission (the “SEC”) on March 1, 2021. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company’s registration
statement and preliminary prospectus for the Company’s offering
filed with the SEC. Copies of these documents are available on the
SEC’s website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Contact
Alex Binderow Chief Executive OfficerDHB Capital Corp.5 Brewster
Street #2105Glen Cove, NY 11542Tel: (646) 450-5664
DHB Capital (NASDAQ:DHBCU)
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