DD3 Acquisition, a blank check company formed to acquire a business in Mexico, filed for an IPO on Wednesday.
The Mexico City, Mexico-based company plans to raise $50 million by offering 5 million units at a price of $10. Each unit will consist of one share of common stock and one warrant to purchase one share of common stock at $11.50. DD3 Acquisition would command a fully diluted market value of $65 million.
DD3 Acquisition was founded in 2018 and plans to list on the Nasdaq under the symbol DDMXU. EarlyBirdCapital is the sole bookrunner on the deal.
