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Drugs Made In America Acquisition II Corp. (Nasdaq: DMIIU) has successfully completed its initial public offering, raising $500 million in gross proceeds through the sale of 50 million units at $10.00 per unit. Each unit comprises one ordinary share and one right to receive one-tenth of an ordinary share upon business combination completion.
The company also conducted a concurrent private placement of 1.2 million units at $10.00 per unit, generating additional proceeds of $12 million. The underwriters have a 45-day option to purchase up to 7.5 million additional units to cover over-allotments. $500 million has been deposited into a trust account from the combined proceeds.
Drugs Made In America Acquisition II Corp. (Nasdaq: DMIIU) has announced the pricing of its initial public offering (IPO) of 50,000,000 units at $10.00 per unit, totaling $500 million. Each unit includes one ordinary share and one right to receive one-tenth of an ordinary share upon business combination completion.
The units will trade on Nasdaq under "DMIIU" starting September 25, 2025, with ordinary shares and rights later trading separately under "DMII" and "DMIIR". Underwriters have a 45-day option to purchase up to 7.5 million additional units for over-allotments. Cantor Fitzgerald & Co. serves as the sole book-running manager, with closing expected September 26, 2025.
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