Capitol V, which raised $345 million at IPO, had a total of 29,484,128 shares redeemed in connection with the vote, meaning Doma lost approximately 85% of its trust value.  The cash minimum condition required Capitol Investment Corp. V to have at least $450 million in cash available, but following the redemptions, only approximately $350 million remained.  As a result, Doma is expected to waive this minimum cash condition in order to finalize the deal.

Holders of 32,472,407 shares of Capitol’s common stock, which represented 75.298% of the common stock outstanding, were present at the special meeting.

Capitol expects to close the transaction today July 28, 2021, and the combined entity’s common stock and warrants are expected to begin trading on the NYSE under the new symbols “DOMA” and “DOMA.WS,” respectively, on July 29, 2021.

Taraflar önce açıkladı $ 3 milyar anlaşma on March 3. Doma provides digital tools for clearing title, handling escrow and closing on home purchases through an app or online under the States Title brand.

For a full list of proposals, and vote tallies, click İŞTE.

DANIŞMANLAR

• J.P. Morgan Securities LLC acted as financial advisor to Capitol.
• Latham & Watkins LLP acted as legal advisor to Capitol.
• Deutsche Bank Securities Inc. also acted as capital markets advisor to Capitol.
• Citigroup Global Markets Inc. acted as financial advisor to Doma.
• Davis Polk & Wardwell LLP acted as legal advisor to Doma.
• Citigroup Global Markets Inc. and J.P. Morgan Securities LLC acted as PIPE placement agents.
• JMP Securities LLC, Oppenheimer & Co. Inc. and D.A. Davidson & Co. as co-placement agents.