DT Cloud Acquisition Corporation (DYCQU) Prices $60M IPO
by Nicholas Alan Clayton on 2024-02-21 at 6:19am

DT Cloud Acquisition Corporation (NASDAQ:DYCQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DYCQU” today, Wednesday, February 21, 2024.

The new SPAC plans to focus its target search on a company that is under-performing due to a temporary dislocation in the markets and has the potential for high recurring revenue.

DT Cloud’s management team is comprised of Shaoke Li, Chairperson and Chief Executive Officer and Guojian Chen, Chief Financial Officer. Michael David Osowski, Olivia Wenxi He and Thomas Trent Stout are to serve as its independent directors.

Total SPAC deal count for 2024 year-to-date is now 4. This offering is expected to close on Friday, February 23, 2024.


Brookline Capital Markets, a division of Arcadia Securities, LLC is the sole book-running manager for the IPO. Loeb & Loeb LLP is serving as Issuer’s Counsel with DLA Piper LLP serving as Underwriter’s Counsel. MaloneBailey, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.

Recent Posts
by Nicholas Alan Clayton on 2024-04-11 at 7:47am

At the SPAC of Dawn Yesterday’s high CPI readings may have dampened hopes of summer rate cuts, but the public markets do seem increasingly content to shoot towards the cosmos in terms of the new types of companies they hope to welcome. SPACs have been a major part of commercial space ventures accessing public capital,...

by Kristi Marvin on 2024-04-10 at 4:00pm

In a surprise move, the NYSE has proposed a rule change to its listing standards to allow SPACs to continue listing up to an additional six months beyond the current 36. However, this is only if the SPAC has signed a definitive agreement prior to the 36 month deadline. As background, both the Nasdaq and...

by Nicholas Alan Clayton on 2024-04-10 at 7:45am

At the SPAC of Dawn While the dealmaking environment appears to be improving in the US, there are changes afoot down under that could have both positive and negative effects for SPAC deals completed in Australia. The country has hosted five SPAC transactions over the past two years, which has made it a low-key popular...

by Nicholas Alan Clayton on 2024-04-09 at 4:40pm

Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) has entered into a definitive agreement to combine with fintech firm Linqto at an enterprise value of $700 million. San Jose, California-based Linqto provides a platform for investors to invest in private venture-backed startups. The combined company is expected to trade on the Nasdaq once the deal is completed...

by Nicholas Alan Clayton on 2024-04-09 at 7:46am

At the SPAC of Dawn As noted in Monday’s morning roundup, SPAC activity has slowed to start April, but one of today’s votes is notable for a variety of reasons. Screaming Eagle (NASDAQ:SCRM) shareholders are set to vote on the fourth-largest deal by enterprise value that has been announced since the start of 2023. The...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved