Draper Oakwood Technology Acquisition, Inc. Completes $50,000,000 Initial Public Offering
DRAPER OAKWOOD TECH ACQUISITION (DOTAU)
US:NASDAQ Investor Relations:
ir.draperoakwood.com/investor-relations
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Draper Oakwood Technology Acquisition, Inc. (Nasdaq: DOTAU) ("Draper Oakwood" or the "Company"), a company formed for the purpose of entering into a merger, share exchange, asset acquisition or other similar business combination with one or more businesses or entities, today announced the closing of its initial public offering of 5,000,000 units at a price to the public of $10.00 per unit, with the offering raising gross proceeds of $50,000,000. The units commenced trading on Friday, September 15, 2017, on The NASDAQ Capital Market ("Nasdaq") under the symbol "DOTAU." Each unit issued in the initial public offering consists of one share of Class A common stock, one-half of one warrant, each whole warrant to purchase one share of Class A common stock at a price of $11.50 per share, and one right to receive one-tenth of a share of Class A common stock on the consummation of an initial busine
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