DHB Capital Corp. Announces Closing of its Initial Public Offering
March 04 2021 - 3:05PM
DHB Capital Corp. (Nasdaq: DHBCU) (the “Company”) today announced
the completion of its initial public offering of 25,000,000 units
at a price of $10.00 per unit, for aggregate gross proceeds to the
Company of $250,000,000. The Company’s units began trading on the
Nasdaq Capital Market (“Nasdaq”) under the symbol “DHBCU” on March
2, 2021. Each unit issued in the offering consists of one share of
the Company’s Class A common stock and one-third of one warrant,
each whole warrant exercisable for one share of Class A common
stock at an exercise price of $11.50 per share. Once the securities
comprising the units begin separate trading, the Class A common
stock and warrants are expected to be listed on Nasdaq under the
symbols “DHBC” and “DHBCW,” respectively. No fractional warrants
will be issued upon separation of the units and only whole warrants
will trade.
The Company is a blank check company formed for the
purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. While the Company may
pursue an initial business combination target in any industry, it
currently intends to concentrate its efforts in identifying
businesses in the financial and business services industry, with a
focus on differentiated financial services and financial
services-adjacent platforms. The Company is led by Richard M.
DeMartini, Co-Executive Chairman, Robert J. Hurst, Co-Executive
Chairman, and Alex Binderow, Chief Executive Officer, President and
Director.
BofA Securities and RBC Capital Markets, LLC are
acting as joint book-running managers in the offering. The Company
has granted the underwriters a 45-day option to purchase up to an
additional 3,750,000 units at the initial public offering price to
cover over-allotments, if any.
The offering is being made only by means of a
prospectus. When available, copies of the prospectus may be
obtained from BofA Securities, Attention: Prospectus Department,
NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC
28255-0001, or by emailing dg.prospectus_requests@bofa.com; or RBC
Capital Markets, LLC, Attn: RBC Capital Markets, LLC, Attn: Equity
Syndicate, 200 Vesey Street, 8th Floor, New York, New York 10821,
telephone: (877) 822-4089 or email: equityprospectus@rbccm.com.
A registration statement relating to the securities
has been filed with, and was declared effective by, the U.S.
Securities and Exchange Commission (the “SEC”) on March 1, 2021.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the initial public offering. Forward-looking statements are subject
to numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement and final prospectus for the
offering filed with the SEC. Copies are available on the SEC’s
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Contact
Alex BinderowChief Executive Officer and
PresidentDHB Capital Corp.Tel: (646) 450-5664Email:
abinderow@dhbcap.com
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