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D and Z Media Acquisition Corp. (DNZ.U) Prices $250M IPO


Jan 26, 2021 INTEL by Matt Cianci

D and Z Media Acquisition Corp. announced the pricing of its $250M IPO this morning and its units are expected to begin trading on the NYSE under the symbol “DNZ.U” today, January 26.

The new company aims to combine with a business in the media, education technology (“ed-tech”), and other related industries. D and Z Media is led by Chairman, President, and CEO Betty Liu, and CFO Mark Wiltamuth.

Total SPAC deal count for 2021 year-to-date is now 73 with $20.7 billion in gross proceeds raised. This offering is expected to close on Thursday, January 28.

Goldman Sachs & Co. LLC is acting as book running manager and Loop Capital Markets LLC is acting as co-manager. Greenberg Traurig, P.A. is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.


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