MIAMI, June 17, 2021 /PRNewswire/ -- DILA Capital
Acquisition Corp. (the "Company") announced the closing of its
initial public offering of 5,500,000 units. The offering was priced
at $10.00 per unit, generating total
gross proceeds of $55,000,000.
The units are listed on the Nasdaq Capital Market and trade
under the symbol "DILAU." Each unit consists of one share of the
Company's Class A common stock and one redeemable warrant, with
each warrant entitling the holder to purchase one share of Class A
common stock at a price of $11.50 per
share. Once the securities comprising the units begin separate
trading, the common stock and warrants are expected to be traded on
the Nasdaq Capital Market under the symbols "DILA" and "DILAW",
respectively.
The Company is a blank check company formed for the purpose of
entering into a merger, capital stock exchange, asset acquisition,
stock purchase, recapitalization, reorganization or other similar
business combination with one or more businesses. While the
Company may pursue an initial business combination with a company
in any sector or geography, it intends to focus its search on
companies with significant operating technological advantage that
are headquartered in Latin
America, as well as businesses located in the United States which cater to the Hispanic
community.
EarlyBirdCapital, Inc. acted as the sole book-running manager of
the offering, and I-Bankers Securities, Inc. served as co-manager.
The underwriters have been granted a 45-day option to purchase up
to an additional 825,000 units at the initial public offering price
to cover over-allotments, if any.
The offering was made only by means of a prospectus, copies of
which may be obtained from EarlyBirdCapital, Inc., 366 Madison
Avenue, 8th Floor, New York,
NY 10017, Attn: Syndicate Department, (212) 661-0200.
Registration statements relating to these securities were
declared effective by the Securities and Exchange Commission (the
"SEC") on June 14, 2021. This press
release shall not constitute an offer to sell or a solicitation of
an offer to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward-looking statements are
statements that are not historical facts. Such forward-looking
statements, including with respect to the anticipated use of the
proceeds thereof, are subject to risks and uncertainties, which
could cause actual results to differ from the forward-looking
statements, including those set forth in the risk factors section
of the registration statement and prospectus for the Company's
initial public offering. Copies of these documents can be accessed
through the SEC's website at www.sec.gov. The Company
expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in the Company's
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based, except
as required by law.
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SOURCE DILA Capital Acquisition Corp