Deep Lake Capital Acquisition Corp.
DLCAU
NASDAQ Capital Market10.12
USD
+0.02
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Deep Lake Capital Acquisition Corp.
DLCAU
(NASDAQ Capital Market)
Recent
price
10.12
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Deep Lake Capital Acquisition Corp. (DLCAU) is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company targets financial technology, ecommerce software, and data and analytics sectors, with a focus on enterprise values between $750 million and $1.5 billion; it offers no current products or services beyond its special purpose acquisition structure, including Class A ordinary shares, redeemable warrants exercisable at $11.50 per share, and units comprising one share and one-half warrant. Incorporated in 2020 and headquartered in Incline Village, Nevada, the company operates principally in the United States and seeks opportunities in the global digital transformation of commerce and financial services markets. Deep Lake Capital Acquisition Corp. completed an upsized initial public offering of 18 million units at $10 each in January 2021, raising $180 million, with units listed on Nasdaq under DLCAU and subsequent separation of shares (DLCA) and warrants (DLCAW). In January 2023, the company announced the redemption of all outstanding public shares at approximately $10.124 per share due to its inability to consummate an initial business combination within the required timeframe, followed by dissolution and liquidation, with shares ceasing trading on Nasdaq by January 13, 2023, and operations winding down thereafter. The company is led by Co-Founder, CEO, and Chairman Mark L. Lavelle, formerly of PayPal and Adobe, alongside President Gary Marino and CFO Michael Cyrus.