Disruptive Acquisition Corporation I (NASDAQ: DISA) operates as a blank check company, or special purpose acquisition company (SPAC), formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company has no significant operations or revenues and focuses its search on high-growth targets in the health and wellness, entertainment, and consumer-facing technology sectors. It provides no products or services beyond its core SPAC structure for facilitating initial business combinations.
Incorporated in 2020 and headquartered in Austin, Texas, the company raised $250 million in its initial public offering in March 2021. In March 2024, Disruptive Acquisition Corporation I announced the redemption of all outstanding Class A ordinary shares effective April 8, 2024, at approximately $10.85 per share, due to its inability to consummate an initial business combination within the required 36-month period following its IPO. The company ceased operations except for wind-up activities, with its securities delisted from Nasdaq via a Form 25 filing in February 2024 and plans to terminate SEC registration via Form 15.