DHB Capital Corp. Announces Separate Trading of its Class A Common Stock and Warrants, Commencing April 22, 2021

Rhea-AI Summary

DHB Capital Corp. (Nasdaq: DHBCU) announced that starting April 22, 2021, holders of the 28,750,000 units from its IPO can separately trade Class A common stock and warrants. The Class A shares will trade under the symbol 'DHBC' and the warrants under 'DHBCW' on Nasdaq. Units not separated will continue to trade as 'DHBCU.' A registration statement was filed with the SEC, effective March 1, 2021. The Company aims to pursue mergers and acquisitions, focusing on financial services.

Positive

• Holders can now trade Class A common stock and warrants separately, enhancing liquidity.
• The registration statement for these securities was effective as of March 1, 2021.

Negative

• None.

NEW YORK, April 19, 2021 (GLOBE NEWSWIRE) -- DHB Capital Corp. (Nasdaq: DHBCU) (the “Company”) announced today that, commencing April 22, 2021, holders of the 28,750,000 units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A common stock and warrants included in the units. The shares of Class A common stock and warrants that are separated will trade on The Nasdaq Capital Market (“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. Those units not separated will continue to trade on Nasdaq under the symbol “DHBCU.” 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.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission (“SEC”) and was declared effective 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 the units and the underlying securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The initial public offering was made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001; Attention: Prospectus Department; by telephone at 800-294-1322 or by email at dg.prospectus_requests@bofa.com; and RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281-8098; Attention: Equity Syndicate; by telephone at 877-822-4089 or by email at equityprospectus@rbccm.com.

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.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements.” 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 initial public 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 Binderow
Chief Executive Officer and President
DHB Capital Corp.
Tel: (646) 450-5664
Email: abinderow@dhbcap.com

FAQ

What is the trading schedule for DHBCU units?

Holders can trade Class A common stock and warrants separately starting April 22, 2021.

What symbols will the Class A common stock and warrants trade under?

Class A common stock will trade under 'DHBC' and warrants under 'DHBCW' on Nasdaq.

How many units were sold in the initial public offering of DHB Capital Corp.?

A total of 28,750,000 units were sold in the Company's initial public offering.

What is DHB Capital Corp.'s focus for business combinations?

The Company intends to focus on businesses in the financial and business services industry.