IPO for SPAC Disruptive Acquisition Corporation I (DISA) Opens at $10

March 24, 2021 11:04 AM EDT

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Today's IPO for SPAC Disruptive Acquisition Corporation I (NASDAQ: DISA) (NASDAQ: DISAU) opened for trading at $10 after pricing 25,000,000 units at $10.00 per unit.

The Company is a blank check company, newly incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial target business in any stage of its corporate evolution or in any industry or sector, it initially intends to focus its search on target businesses primarily in the health and wellness, entertainment and consumer-facing technology sectors. The management team includes Chief Executive Officer Alexander J. Davis, Chief Financial Officer Phillip C. Caputo, Chief Operating Officer David M. Tarnowski and Vice President, Business Development Mardy S. Fish.

The Company has formed an Athlete Advisory Council (the “Council”), a group of elite athletes across a range of professional sports and geographies. The Council’s current members include Justin Verlander, Naomi Osaka, Patrick Mahomes, Robert Lewandowski and Saul “Canelo” Álvarez.

Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc. are acting as joint book-running managers of the offering.

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