Disruptive Acquisition I, a blank check company formed by Disruptive, 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 CEO and Chairman Alexander Davis, the founder and CEO of merchant bank Disruptive and a former Founding Managing Director at tech-enabled marketplace Ten-X, and CFO Phillip Caputo, who currently serves as CFO of Disruptive. The company will also have a special Athlete Advisory Council that is made up of several notable professional athletes, including Justin Verlander, Canelo Alvarez Barragan, Patrick Mahomes, Naomi Osaka, and Robert Lewandowski. Disruptive Acquisition I intends to focus on target businesses in the health and wellness, entertainment, and consumer-facing technology sectors.
Disruptive Acquisition I plans to list on the Nasdaq under the symbol DISAU. Credit Suisse and Citi acted as lead managers on the deal.
