DP Cap Acquisition Corp I
DPCS
NASDAQ Global Market12.60
USD
-0.24
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DP Cap Acquisition Corp I
DPCS
(NASDAQ Global Market)
Recent
price
12.60
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- DP Cap Acquisition Corp I (NASDAQ: DPCS) is a blank check company whose primary business is to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company targets tech-enabled consumer businesses and technology sectors; it holds cash in trust for funding such transactions and has no current material operations or revenue generation. Incorporated in 2021 under the laws of the Cayman Islands with headquarters in Boston, Massachusetts, it operates principally in the United States market through its Nasdaq-listed securities. The company offers no products or ongoing services beyond its standard special purpose acquisition company (SPAC) structure, which includes Class A ordinary shares, Class B ordinary shares, units, public warrants and private placement warrants; these facilitate capital raising via its initial public offering completed in November 2021 at $10 per unit. Recent major changes include a November 2024 purchase agreement with Highview Bridge, LLC and related entities transferring over 3 million Class A ordinary shares and 3 Class B ordinary shares, alongside sponsor cancellation of 4.7 million private placement warrants and forgiveness of a $4.6 million IPO loan; concurrent resignations of Chairman/CEO Scott Savitz, CFO Bruce Revzin and several directors, with Xixuan Hei appointed as new Chairman, CEO, CFO and director. Nasdaq suspended trading of its securities effective November 19, 2024 for failure to complete a business combination within 36 months, with no appeal filed; shareholders approved extension of the combination deadline to November 2025 at 96.5% support, amid 1.45 million share redemptions. In 2025, shareholders approved increasing authorized share capital to $92,000 comprising 600 million Class A shares, 20 million Class B shares and 300 million preference shares, plus issuance of 49 bonus shares per outstanding ordinary share; the company entered a $1 million working capital loan with Highview Bridge, LLC, appointed Aloba, Awomolo & Partners as independent auditor multiple times and filed notifications of late periodic reports.