InvestmentMay 11, 2026, 06:07 AM
DGAC Announces $150M IPO of 15M Units at $10.00 Each
AI Summary
Disciplined Growth Acquisition Corporation, a blank check company, filed an amendment to its S-1 registration statement for an initial public offering of 15,000,000 units at $10.00 per unit, aiming to raise $150,000,000. Each unit consists of one Class A ordinary share and one-fourth of one Class A ordinary share upon business combination. The company intends to focus on target businesses in financial technology, aerospace and defense technology, clean technology, and other sectors with disruptive market opportunities, and must complete an initial business combination within 18 months.
Key Highlights
- Offering 15,000,000 units at $10.00 each, totaling $150,000,000.
- Each unit includes one Class A ordinary share and one-fourth right.
- Underwriters have a 45-day option for an additional 2,250,000 units.
- Sponsor and investors to buy 300,000 private placement units for $3,000,000.
- $150,000,000 from proceeds to be placed in a U.S.-based trust account.
- Focus on financial technology, aerospace, defense, and clean technology sectors.
- Must complete an initial business combination within 18 months.
- Intends to list units on NYSE under the symbol "DGACU".