DD3 Acquisition Corp. II Announces the Separate Trading of Its Class A Common Stock and Warrants Commencing on or About January 27, 2021

Rhea-AI Summary

DD3 Acquisition Corp. II announced that holders of its 12,500,000 units from the initial public offering on December 10, 2020, can begin trading their Class A common stock and warrants separately starting January 27, 2021. Units will continue to trade on Nasdaq under the symbol DDMXU, while Class A shares and warrants will trade under DDMX and DDMXW, respectively. The Company aims to pursue various forms of business combinations but does not limit itself to specific industries or regions.

Positive

• Holders can separate and trade Class A common stock and warrants, enhancing liquidity.
• The company has a broad mandate for potential business combinations, allowing flexible opportunities.

Negative

• The company has not identified a prospective target business yet, introducing uncertainty.
• Forward-looking statements indicate risks, including reliance on the offering's net proceeds for future endeavors.

MEXICO CITY, Jan. 26, 2021 (GLOBE NEWSWIRE) -- DD3 Acquisition Corp. II (the “Company”), today announced that holders of the units sold in the Company’s initial public offering of 12,500,000 units completed on December 10, 2020 (the “offering”) may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on or about January 27, 2021. Any units not separated will continue to trade on the Nasdaq Capital Market (“Nasdaq”) under the symbol “DDMXU,” and each of the shares of Class A common stock and warrants will separately trade on Nasdaq under the symbols “DDMX” and “DDMXW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into shares of Class A common stock and warrants.

The Company was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region.

The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from EarlyBirdCapital, Inc., 366 Madison Avenue, 8^th Floor, New York, NY 10017, Attn: Syndicate Department, 212-661-0200.

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 search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated. 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 prospectus for the offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents 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:
DD3 Acquisition Corp. II
contact@dd3.mx

FAQ

What is the DDMXU stock symbol for?

DDMXU is the stock symbol for the units of DD3 Acquisition Corp. II that continue to trade as a whole.

When can I trade shares of Class A common stock and warrants separately for DDMXU?

You can begin trading the shares of Class A common stock and warrants separately starting January 27, 2021.

What are the trading symbols for Class A common stock and warrants after separation?

After separation, the Class A common stock will trade under the symbol DDMX, and warrants will trade under DDMXW.

What does DD3 Acquisition Corp. II plan to do with the proceeds from its offering?

The company intends to use the proceeds for business combinations, but specific targets have not been identified yet.

What are the risks associated with DD3 Acquisition Corp. II's forward-looking statements?

The risks include market conditions and uncertainties in securing a business combination, as outlined in their risk factors.