Roman DBDR Announces $200 Million IPO Closing
Deal News | Dec 17, 2024 | EIN
Roman DBDR Acquisition Corp. II, a blank check company, has successfully closed its initial public offering (IPO), raising $200 million by offering 20 million units at $10 per unit. Each unit comprises one Class A ordinary share and a half-warrant, which allows the holder to purchase a share for $11.50. The units started trading on the Nasdaq Global Market on December 13, 2024, under the ticker 'DRDBU,' with ordinary shares and warrants expected to trade separately as 'DRDB' and 'DRDBW.' The company has deposited $201 million, including proceeds from a private placement, into a trust account. Roman DBDR targets businesses in cybersecurity, artificial intelligence, and financial technology for acquisitions. The IPO was managed by B. Riley Securities, allowing underwriters a 45-day window to purchase an extra 3 million units. The offering aligns with SEC regulations, although prospective risks are highlighted in the registration documents.
Sectors
- Financial Services
- Technology
- Investment Banking
Geography
- United States – The activities involving Roman DBDR Acquisition Corp. II and its IPO are taking place within the U.S., primarily trading on the Nasdaq, a major American stock exchange.
Industry
- Financial Services – The article centers around Roman DBDR Acquisition Corp. II, a special purpose acquisition company (SPAC), engaging in an IPO to fund potential future mergers and acquisitions.
- Technology – The target industries for Roman DBDR's potential business combinations include cybersecurity, artificial intelligence, and financial technology.
- Investment Banking – B. Riley Securities' role as the sole book-running manager of the IPO aligns the article with activities typical in investment banking services.
Financials
- $200,000,000 – Total gross proceeds from the initial public offering of 20,000,000 units.
- $201,000,000 – Amount deposited in the company's trust account, inclusive of a private placement.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Roman DBDR Acquisition Corp. II | Target Company | Company | A blank check company aiming to effect mergers or similar business combinations. |
| B. Riley Securities | Investment Bank/Book-running Manager | Company | An investment bank responsible for managing Roman DBDR's IPO. |
| Dixon Doll, Jr. | Chief Executive Officer and Chairman of the Board | Person | Leader of Roman DBDR's management team. |
| John C. Small | Chief Financial Officer | Person | CFO of Roman DBDR, overseeing the financial operations. |
| Dr. Donald G. Basile | Chief Technology Officer | Person | CTO of Roman DBDR, responsible for technology-related strategies. |
| U.S. Securities and Exchange Commission (SEC) | Regulatory Authority | Government | The U.S. governmental body that declared the company's registration statement effective. |