Roman DBDR Tech Acquisition II, a blank check company targeting the TMT industrie, filed on Friday with the SEC to raise up to $250 million in an initial public offering.
The Las Vegas, NV-based company plans to raise $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. At the proposed deal size, Roman DBDR Tech Acquisition II would command a market value of $313 million.
The company is led by Co-CEO and Chairman Donald Basile, an executive officer at Monsoon Blockchain and former CEO of Violin Memory and FusionIO, and Co-CEO Dixon Doll, the CEO of DBM Cloud Systems and Managing Director of Longstreet Ventures. The company plans to target businesses in the technology, media, and telecom (TMT) industries with enterprise values between $500 million and $1.5 billion.
Management's previous SPAC, Roman DBDR Tech Acquisition (DBDR; +2% from $10 offer price), has a pending merger agreement with custom card manufacturer CompoSecure.
Roman DBDR Tech Acquisition II was founded in 2021 and plans to list on the Nasdaq under the symbol RDTXU. The company filed confidentially on February 2, 2021. B. Riley Securities is the sole bookrunner on the deal.
