Tech SPAC DHC Acquisition launches $300M IPO, starts trading

• DHC Acquisition (DHCA) prices its upsized initial public offering of 30M units at $10/unit. Each unit consists of a common stock and one-third of one redeemable warrant, with each whole warrant exercisable at $11.50/share.
• The units will start trading today on Nasdaq under the ticker symbol "DHCAU".
• Gross proceeds will be $300M; in addition, underwriters' have been granted an overallotment option to purchase up to an additional 4.50M units.
• DHC Acquisition is a special purpose acquisition company focused on having business combinations in the technology, aerospace/defense, enterprise software, automotive supply chain, consumer and e-commerce sectors.
• Following units listing, the stock and warrants of DHC Acquisition are expected to be listed on Nasdaq under the ticker symbol "DHCA" and "DHCAW," respectively.
• The offering is expected to close on Mar. 4, 2021.
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