Disciplined Growth Acquisition (DGAC) starts separate unit trading
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Disciplined Growth Acquisition Corporation announced that, starting July 17, 2026, holders of its publicly traded units may elect to separate those units into individual Class A ordinary shares and rights. Each unit currently consists of one Class A ordinary share, par value $0.0001, and one right.
After separation, Class A ordinary shares are expected to trade on the NYSE under the symbol DGAC and rights under DGACR, while unseparated units will continue under DGACU. Each right entitles its holder to receive one-fourth of a Class A ordinary share upon completion of an initial business combination, and only whole rights will trade. Holders must have their brokers coordinate with Odyssey Transfer and Trust Company to effect the separation. The company is a Cayman Islands special purpose acquisition company seeking a business combination in sectors such as financial technology, aerospace and defense technology, and clean technology.
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Separate trading start date: July 17, 2026
Class A par value: $0.0001 per share
Right conversion ratio: one-fourth (1/4) of one Class A ordinary share
3 metrics
Separate trading start date
July 17, 2026
Date from which holders may separately trade Class A ordinary shares and rights
Class A par value
$0.0001 per share
Par value of each Class A ordinary share included in the units
Right conversion ratio
one-fourth (1/4) of one Class A ordinary share
Each right entitles the holder to this amount upon the initial business combination
Key Terms
special purpose acquisition company, initial business combination, rights, units
4 terms
special purpose acquisition company financial
"Disciplined Growth Acquisition Corporation is a special purpose acquisition company"
A special purpose acquisition company (SPAC) is a company formed with the sole purpose of raising money through a public offering to buy or merge with an existing private business. It acts like a vehicle that allows private companies to go public more quickly and with less complexity. For investors, it offers an opportunity to invest early in a potential acquisition, though it also carries risks if the intended deal doesn’t materialize.
initial business combination financial
"to receive one-fourth (1/4) of a Class A Ordinary Share upon the consummation of an initial business combination"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
rights financial
"Rights, each right entitling the holder to receive one-fourth (1/4) of one Class A ordinary share"
Rights are special privileges that give existing shareholders the opportunity to buy additional shares of a company's stock before they are offered to the public. They help investors maintain their ownership percentage and can be seen as a way to protect their investment stake. Think of rights like a VIP pass allowing current investors to purchase new shares first, ensuring they can preserve their influence in the company.
units financial
"holders of the units issued in its initial public offering may elect to separately trade"
Units are bundled securities sold as one package in a financing—commonly a share paired with an instrument that gives the holder the right to buy more shares later. For investors this matters because a unit’s extra component can change future supply of shares and potential returns, similar to buying a combo with a coupon that can be redeemed later and alter what you actually receive and what others might own.
FAQ
What trading change did Disciplined Growth Acquisition Corporation (DGAC) announce?
Disciplined Growth Acquisition Corporation announced that its units can be separated into Class A ordinary shares and rights starting July 17, 2026. The separated shares will trade on the NYSE as DGAC, rights as DGACR, while unseparated units will continue to trade as DGACU.
What does each Disciplined Growth Acquisition (DGAC) unit consist of?
Each unit consists of one Class A ordinary share and one right. The Class A ordinary share has a par value of $0.0001, and each right entitles its holder to receive one-fourth of a Class A ordinary share upon completion of an initial business combination.
Which NYSE symbols will DGAC securities trade under after unit separation?
After separation, Class A ordinary shares are expected to trade under DGAC and rights under DGACR. Units that remain combined will continue trading under DGACU, allowing investors to hold either bundled units or separately traded shares and rights depending on their election.
What is the business focus of Disciplined Growth Acquisition Corporation (DGAC)?
Disciplined Growth Acquisition Corporation is a special purpose acquisition company formed to complete a business combination. It intends to focus on targets in financial technology, aerospace and defense technology, clean technology and other sectors that present disruptive market opportunities.