DHB Capital, a blank check company led by former Crestview partners targeting the financial services industry, raised $250 million by offering 25 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 Co-Executive Chairmen Richard DeMartini and Robert Hurst, who are currently Vice Chairmen of Crestview Partners, and CEO and Director Alex Binderow, who is currently a Partner of Lawfty Law LLP. DeMartini, Hurst, and Binderow were all previously partners of Crestview. The company plans to target the financial and business services industry, with a focus on differentiated financial services and financial services-adjacent platforms.
DHB Capital plans to list on the Nasdaq under the symbol DHBCU. BofA Securities and RBC Capital Markets acted as lead managers on the deal.
