D and Z Media Acquisition Corp. (DNZ) Prices 25M Unit IPO at $10/Unit

January 26, 2021 7:20 AM EST

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D and Z Media Acquisition Corp. (NYSE: DNZ), today announced the pricing of its initial public offering of 25,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the New York Stock Exchange and trade under the ticker symbol "DNZ.U" beginning today. Each unit consists of one share of the Company's Class A common stock and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof 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 Company expects that its Class A common stock and warrants will be listed on the New York Stock Exchange under the symbols ''DNZ'' and ''DNZ WS,'' respectively.

The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although it intends to focus on businesses related to media, education technology, or ed-tech, and other related industries. Intercontinental Exchange (NYSE: ICE) and Navigation Capital Partners, Inc. are members of the Company's sponsor.

Goldman Sachs & Co. LLC is acting as book running manager and Loop Capital Markets LLC is acting as co-manager. The Company has granted the underwriters a 45-day option to purchase up to 3,750,000 additional units at the initial public offering price to cover over-allotments, if any.

The public offering is being made only by means of a prospectus.



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