Capitol Investment V, the fifth blank check company formed by Mark Ein and Dyson Dryden, raised $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
The company is led by CEO and Chairman Mark Ein, founder and CEO of Venturehouse Group and President of Leland Investments, and President, CFO, and Director Dyson Dryden, founder and President of Dryden Capital Management. The SPAC plans to target businesses that have demonstrated a potential for future growth.
Capitol Investment V is Ein and Dryden's fifth blank check company. The pair's most recent SPAC, Capitol Investment IV, went public in 2017 and acquired Nesco Holdings (NYSE: NSCO; -55% from $10 offer price) in 2019.
Capitol Investment V plans to list on the NYSE under the symbol CAP.U. Citi, Deutsche Bank and Morgan Stanley acted as lead managers on the deal.
