| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
30 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
0 |
| Net Income (TTM) (Millions $) |
12 |
| Cash Flow (TTM) (Millions $) |
2 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
DPCM Capital Inc. is a Special Purpose Acquisition Company (SPAC) that went public in 2020 through an initial public offering (IPO). It raised $300 million in total, including over-allotment options.
The company was founded and is led by CEO and Chairman Emil Michael, a former executive of Uber and Klarna. The other key executives are President Geoffrey Ronning, a private equity and venture capital veteran, and CFO David Di Stefano, a former CFO of Deutsche Bank's Americas division.
DPCM Capital's mission is to acquire and merge with a high-growth and innovative technology company that has a strong management team and a proven business model. The company has stated that it targets businesses in sectors such as e-commerce, fintech, digital health, and transportation technology.
DPCM Capital has also indicated that it prioritizes companies that have a mission-driven and socially-responsible corporate culture, as well as a positive impact on society or the environment.
As a SPAC, DPCM Capital has a two-year window to find a suitable merger partner or return the funds to its shareholders. It is typical for SPACs to agree on a merger or acquisition with a private company within a year or so after their IPO, but there is no guarantee of success or timing.
If DPCM Capital does find a merger partner, it will be able to facilitate a quicker and cheaper path to becoming a publicly-traded company than the traditional IPO process. The investment firm Lux Capital has invested in DPCM Capital and is expected to provide further strategic insights into the technology sector.
Company Address: 382 NE 191 Street Miami 33179 FL
Company Phone Number: 857-5086 Stock Exchange / Ticker: NYSE XPOA
|
%