Draper Oakwood Technology Acquisition, Inc. Units
DOTAU
NASDAQ Capital Market- -
USD
- -
- -
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
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- None
- Sector
- Industrials
- Industry
- Conglomerates
- Address
- United States of America
- IPO Date
- Sep 15, 2017
- Website
- draperoakwood.com
- Similar Companies
- Business
- Draper Oakwood Technology Acquisition, Inc. Units (DOTAU) is a blank check company whose ordinary shares and warrants trade separately on Nasdaq. The company focuses on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations, primarily with innovative technology companies demonstrating growth potential in North America. It does not currently engage in other operations, offering no specific products or services beyond its special purpose acquisition structure. Founded in 2017 and headquartered in San Mateo, California, the company went public through an initial public offering of 5 million units priced at $10.00 each, raising $50 million, with EarlyBird Capital acting as lead underwriter. Geographically, it targeted technology businesses in the US and Canada prior to any de-SPAC transaction. In December 2018, the company completed a reverse merger with Reebonz Limited, an online luxury marketplace, resulting in the combined entity operating as Reebonz Holding Limited; post-merger, Reebonz securityholders owned approximately 75% of the ordinary shares, and the principal executive offices shifted to Singapore. Reebonz Holding Limited traded under the ticker RBZ on Nasdaq following the business combination, which valued the deal at approximately $287 million and included Reebonz's offerings of authenticated new and pre-owned luxury goods such as handbags, accessories, shoes, watches, and jewelry. No major developments, such as additional mergers, acquisitions, funding rounds, or liquidations, have been reported for Draper Oakwood Technology Acquisition, Inc. or its units in the last 1-2 years.