Roman DBDR Acquisition Corp. II Successfully Goes Public

Roman DBDR Acquisition Corp. II Completes $200 Million IPO

Roman DBDR Acquisition Corp. II recently made headlines by successfully closing its initial public offering (IPO) of 20 million units, priced at $10.00 each. This offering resulted in remarkable gross proceeds totaling $200 million.

The units began trading on the Nasdaq Global Market under the ticker symbol "DRDBU." Each unit comprises one Class A ordinary share paired with one-half of a redeemable warrant. Each whole warrant provides the privilege to purchase one Class A ordinary share for $11.50, subject to certain adjustments. After the initial offering, once the securities within the units split into their components, the shares and warrants are expected to be listed separately on Nasdaq as "DRDB" and "DRDBW," respectively.

Significant Financial Backing in Trust Account

From the IPO's proceeds, combined with a concurrent private placement of warrants, the company successfully deposited $201 million (or $10.05 per unit sold) into its trust account. This capital allocation reflects the robust financial strategy of Roman DBDR Acquisition Corp. II as it gears up for its future endeavors.

Company's Purpose and Target Industries

Roman DBDR Acquisition Corp. II functions as a blank check company, aiming to facilitate mergers, capital share exchanges, asset acquisitions, and reorganizations with diverse businesses. Although its scope is broad, the company intends to narrow its focus on potential targets within the cybersecurity, artificial intelligence, and financial technology sectors, which are known for their growth potential and innovation.

Leadership Team and Strategic Oversight

Leading the company is a seasoned management team comprised of Dixon Doll, Jr., the Chief Executive Officer and Chairman of the Board, John C. Small, the Chief Financial Officer, and Dr. Donald G. Basile, the Chief Technology Officer. Additionally, the board includes accomplished individuals such as James Nelson, James Nevels, Bryn Sherman, and Michael Woods, all contributing their expertise to steer the company toward success.

Underwriter and Market Opportunities

B. Riley Securities served as the sole book-running manager for the IPO. The underwriters were granted a 45-day option to acquire up to 3 million additional units to cover any over-allotments, showcasing their confidence in the offering.

Accessing the IPO Information and Investor Queries

Potential investors can access information about the offering through the prospectus or by contacting B. Riley Securities via telephone. The registration statement related to these securities was efficiently declared effective by the SEC, opening the door for marketplace engagement.

Looking Ahead: The Company's Future

The road ahead appears promising for Roman DBDR Acquisition Corp. II as it embarks on leveraging the funds raised through its IPO to identify and capitalize on strategic business opportunities. The emphasis on industries like cybersecurity and artificial intelligence positions the company to be at the forefront of technological advancement.

Frequently Asked Questions

What was the total amount raised in the IPO?

The IPO successfully raised $200 million through the sale of 20 million units priced at $10.00 each.

On which exchange are the company’s units being traded?

The units of Roman DBDR Acquisition Corp. II are traded on the Nasdaq Global Market under the ticker symbol "DRDBU."

What does each unit consist of?

Each unit comprises one Class A ordinary share and one-half of one redeemable warrant.

What industries is the company focusing on?

The company plans to target industries such as cybersecurity, artificial intelligence, and financial technology for its potential initial business combination.

Who are the key members of the management team?

The management team includes Dixon Doll, Jr., John C. Small, and Dr. Donald G. Basile among others, bringing extensive experience to the company.

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