Recent 8-K filings for DMAA
Highest-materiality recent filing
DMAA SPAC signs $1B deal to merge with AI/analytics firm Power Analytics Global
- Definitive merger agreement with Power Analytics Global (PAGC) at target enterprise value of $1.0B; floor of $300M.
- Post-close ownership: ~90% to PAGC shareholders, ~10% to existing DMAA shareholders pre-PIPE dilution.
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DMAA SPAC signs $1B deal to merge with AI/analytics firm Power Analytics Global
Definitive merger agreement with Power Analytics Global (PAGC) at target enterprise value of $1.0B; floor of $300M.
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SPAC DMAA shareholders approve extension to April 2027; ~28% of shares redeemed for $99.3M
Extension proposal approved: 18,906,281 for, 4,892,646 against, 0 abstain.
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DMAA updates CFO equity to 175k shares, sets CEO compensation terms, both tied to definitive deal
CFO Saleem Elmasri's share grant increased from 100k to 175k ordinary shares, earned upon signing a definitive agreement and issued at closing of initial business combination.
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DMAA signs LOI for de-SPAC merger with Power Analytics Global Corp at ~$1B valuation
Non-binding letter of intent signed April 7, 2026, with target Power Analytics Global Corp (Delaware).
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BV Advisory Partners provides $100K convertible note (up to $500K total) for compliance and transaction expenses.
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CEO Lynn Stockwell resigns after affiliate fund irregularities; Roger Bendelac appointed CEO
Lynn Stockwell resigned as CEO, Executive Chair, and Board member of DMAA and affiliate, effective Feb 28, 2026.
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Drugs Made In America confirms trust account intact after affiliate irregularities
Sponsor made improper withdrawals from affiliate's working capital account between Sept 26, 2025 and Dec 31, 2025.
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CFO Glenn Worman resigns; Saleem Elmasri appointed as CFO of Drugs Made In America Acquisition Corp.
Glenn Worman resigned as CFO and principal financial & accounting officer on Oct 8, 2025; no disagreement cited.
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SPAC raises $30M via over-allotment; trust now $231.15M
Underwriters exercised over-allotment option in full on Feb 18, 2025; 3M additional units at $10/unit raised $30M.
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Effective Feb 25, 2025, holders of units (DMAAU) may separate into ordinary shares (DMAA) and rights (DMAAR).
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Drugs Made In America Acquisition Corp. closes $200M IPO and $4M private placement
IPO of 20,000,000 units at $10.00 each raises $200,000,000 gross proceeds.
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Drugs Made In America Acquisition Corp. closes $200M IPO, deposits $201M in trust
Closed IPO of 20,000,000 units at $10.00 per unit for gross proceeds of $200 million.
Materiality & sentiment trend
Max materiality 0.90 · Median 0.57 · Most common event other_material