DD3 Acquisition, a blank check company formed to acquire a business in Mexico, raised $50 million by offering 5.0 million units at $10, as expected. Each unit consists of one ordinary share and one warrant exercisable at $11.50. At $10 per unit, DD3 Acquisition commands a market value of $65 million.
DD3 Acquisition plans to list on the Nasdaq under the symbol DDMXU. EarlyBirdCapital acted as a lead manager on the deal.
