D and Z Media Acquisition Corp. (DNZ-UN) operates as a blank check company whose principal business is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar initial business combination with one or more businesses. It does not currently engage in any operations or generate revenues. The company focuses its target search on media companies, education technology (ed-tech) firms and other related industries.
Founded in 2020 and headquartered at 2870 Peachtree Road NW, Suite 509, Atlanta, Georgia, the company completed its initial public offering in January 2021, raising $250 million by issuing 25 million units at $10 each on the New York Stock Exchange. Leadership includes Chairman, President and CEO Betty Liu, a former Executive Vice Chairman of the New York Stock Exchange and Chief Experience Officer at Intercontinental Exchange, alongside CFO Mark Wiltamuth; the sponsor involves Intercontinental Exchange and Navigation Capital Partners.
In December 2022, the company adjourned its special stockholder meeting to approve an extension of its business combination deadline from January 28, 2023, to October 31, 2023, while extending the public share redemption deadline. However, in January 2023, following unsuccessful efforts to identify a suitable target amid adverse market conditions, the sponsor elected not to provide additional trust funding, leading to the redemption of all outstanding Class A common shares effective February 7, 2023, cessation of operations, delisting from the NYSE on January 27, 2023, and subsequent liquidation and dissolution. Trading in its warrants continues as of late 2025.