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Drugs Made In America Acquisition Corp. (Nasdaq: DMAAU) announced the successful closing of its initial public offering, raising $200 million in gross proceeds through the sale of 20,000,000 units at $10.00 per unit. The units, trading on the Nasdaq Global Market under 'DMAAU', include one ordinary share and one right to receive one-eighth of an ordinary share upon completing an initial business combination.
The company's ordinary shares and rights will eventually trade separately under the symbols 'DMAA' and 'DMAAR'. Clear Street served as the sole book-running manager, with Loeb & Loeb LLP as company counsel and Winston & Strawn LLP as Clear Street's counsel. The SEC declared the registration statement effective on January 7, 2025, with a post-effective amendment approved on January 27, 2025.
Drugs Made In America Acquisition Corp. (Nasdaq: DMAAU) has announced the pricing of its initial public offering of 20,000,000 units at $10.00 per unit, totaling $200,000,000. The units will trade on the Nasdaq Global Market under 'DMAAU' starting January 28, 2025.
Each unit comprises one ordinary share and one right to receive one-eighth of an ordinary share upon completing an initial business combination. The ordinary shares and rights will later trade separately under 'DMAA' and 'DMAAR' respectively.
Clear Street, the sole book-running manager, has a 45-day option to purchase up to 3,000,000 additional units for over-allotments. The offering is expected to close on January 29, 2025. The SEC declared the registration statement effective on January 7, 2025, with a post-effective amendment approved on January 27, 2025.
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