Digital Transformation Opportunities Corp - DTOCU STOCK NEWS

Digital Transformation Opportunities Corp. (Nasdaq: DTOCU) announced the separation of its Units, allowing holders to trade the Class A common stock (DTOC) and warrants (DTOCW) individually starting April 30, 2021. Units not separated will continue to trade under DTOCU. This initiative provides flexibility for investors as they can now choose to trade the Common Stock and Warrants independently. The Company was formed for potential mergers and business combinations, though completing a combination transaction involves various uncertainties and conditions.

Digital Transformation Opportunities Corp. has successfully closed its upsized initial public offering of 33,350,000 units at $10.00 per unit, including 3,350,000 units from the underwriter's over-allotment option. The units traded on the Nasdaq under ticker 'DTOCU' starting March 10, 2021. Each unit comprises one share of Class A common stock and a quarter warrant to purchase additional shares at $11.50. The firm aims to pursue business combinations primarily in the healthcare sector, led by experienced executives including Kevin Nazemi and Kyle Francis.

Digital Transformation Opportunities Corp. announced the pricing of its upsized IPO of 30,000,000 units at $10.00 each, set to trade on Nasdaq under symbol DTOCU starting March 10, 2021. Each unit includes one share of Class A common stock and one-fourth of a warrant, which can be exercised for one share at $11.50. The company aims to pursue a business combination, focusing on healthcare technology. The IPO closes on March 12, 2021, with Barclays Capital acting as the sole book-running manager.