other material
confidence high
sentiment neutral
materiality 0.65
SPAC DGAC completes $150M IPO; $150.75M placed in trust account
DISCIPLINED GROWTH ACQUISITION Corp
- Gross IPO proceeds $150M from 15M units at $10/unit; each unit consists of one Class A share and one right.
- Private placement raised $3.45M from 345K units at $10/unit, purchased by sponsor, underwriter, and third parties.
- Total $150.75M deposited in trust account ($10.05 per unit) held by Odyssey Transfer and Trust Company.
- Audited balance sheet shows $152.01M total assets, $552K shareholders' equity, $6.88M accumulated deficit.
- Underwriters have 45-day option to purchase up to 2.25M additional units to cover over-allotments.