DD3 Acquisition Corp. II
DDMXU
NASDAQ Capital Market10.10
USD
-0.15
- -
CIK
0001828957
ISIN
US23318M2098
CUSIP
23318M209
Return %
Stock
S&P500
1Y
- -
18.21
3Y
- -
63.29
5Y
-1.46
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Pedregal 24 Mexico City DF Mexico 11040
- IPO Date
- Dec 8, 2020
- CIK
- 0001828957
- Website
- dd3.mx
- Similar Companies
- Business
- DD3 Acquisition Corp. II is a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more target businesses, primarily targeting established companies with proven business models, strong operations, solid free cash flows, and growth potential across various industries. The company offers no operating products or services prior to completing a business combination, instead providing investors access to private market opportunities through its public structure, including units (DDMXU) comprising one share of Class A common stock and one-half of one redeemable warrant. Founded in 2020 and headquartered at Pedregal 24, 3rd Floor, Interior 300, Colonia Molino del Rey, Del. Miguel Hidalgo, 11040 Mexico City, Mexico, DD3 Acquisition Corp. II operates from Mexico with a management team leveraging relationships in Latin America, Europe, and beyond to source and execute deals. In June 2021, the company announced a definitive business combination agreement with Codere Online Luxembourg, S.A., a leading online sports betting and casino operator in Latin America; stockholders approved the transaction on November 18, 2021, and it closed effective November 30, 2021, resulting in Codere Online becoming publicly listed on Nasdaq under the ticker CDRO, with DD3's securities (DDMX, DDMXU, DDMXW) suspended from trading post-merger. The SPAC raised funds through its initial public offering in late 2020, including private unit placements totaling approximately $3.2 million to $3.4 million from sponsor DD3 Sponsor Group, LLC and forward purchase investors, with a cash trust of about $125 million available for the target combination, supplemented by over $67 million in PIPE investments for the Codere Online deal. No additional major acquisitions, funding rounds, product launches, or strategic shifts have occurred since the 2021 merger completion, as DD3 Acquisition Corp. II effectively ceased independent operations upon delisting and integration into Codere Online. The company targets institutional and retail investors seeking exposure to high-growth sectors like online gaming via de-SPAC transactions.
DD3 Acquisition Corp. II Receives Expected Notice from Nasdaq Regarding Delayed Quarterly Report
DD3 Acquisition Corp. II Announces the Separate Trading of Its Class A Common Stock and Warrants Commencing on or About January 27, 2021
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