other material
confidence high
sentiment neutral
materiality 0.50
DT Cloud Acquisition Corp. closes $69M IPO including full over-allotment exercise
DT Cloud Acquisition Corp
- Priced 6,900,000 units at $10.00/unit, each consisting of one ordinary share and one right.
- Underwriters exercised over-allotment option in full for 900,000 additional units, raising $9M.
- Private placement of 234,500 Private Units to sponsor for $2.345M, priced at $10.00/unit.
- Net proceeds of $69,345,000 deposited into trust account at Morgan Stanley for benefit of public stockholders.
- Units trade on Nasdaq under DYCQU; ordinary shares and rights to trade under DYCQ and DYCQR.