STOCK TITAN

DGAC (NYSE: DGACU) closes $150M SPAC IPO and funds $150.75M trust

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Disciplined Growth Acquisition Corporation completed its SPAC initial public offering of 15,000,000 units at $10.00 per unit, raising gross proceeds of $150,000,000. Each unit includes one Class A ordinary share and one right to receive one-fourth of a Class A share after a future business combination.

The company deposited $10.05 per unit into a trust account, resulting in $150,750,000 held in trust from the IPO and simultaneous private placement. It also sold 345,000 private placement units at $10.00 per unit, issued 675,000 Class A shares to the underwriter’s designee, and confirmed 4,650,000 founder shares that will convert into Class A shares upon a business combination.

New independent directors and committee members were appointed, indemnification agreements were executed, and an amended and restated memorandum and articles of association became effective in connection with the listing of DGAC’s securities on the New York Stock Exchange.

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Insights

DGAC’s SPAC IPO raises $150M and fully funds its trust.

Disciplined Growth Acquisition Corporation completed a standard SPAC IPO, selling 15,000,000 units at $10.00 each and placing $10.05 per unit into a trust. Combined with the private placement, this yields $150,750,000 in cash restricted for a future business combination.

The structure includes 345,000 private placement units and 4,650,000 founder shares that will convert to Class A shares at closing of a deal, plus 675,000 representative shares to the underwriter’s designee. Investor outcomes will depend on the eventual acquisition target the SPAC selects in sectors such as financial technology, aerospace and defense technology, or clean technology.

The 15‑month window to complete a business combination, along with detailed redemption and liquidation terms tied to the trust, frames the risk–reward profile. Subsequent filings describing any proposed business combination will provide the key valuation details.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
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.
IPO gross proceeds $150,000,000 15,000,000 units at $10.00 per unit in IPO
Trust funding per unit $10.05 per unit Amount deposited in trust for each IPO unit
Total cash in trust $150,750,000 Proceeds from IPO and private placement held in trust
Private placement units 345,000 units at $10.00 Sold to sponsor, Maxim and at-risk investors
Representative shares 675,000 Class A shares Issued as underwriting compensation at IPO closing
Founder shares after transfers 4,650,000 Class B shares Will convert one-for-one into Class A at business combination
Over-allotment option 2,250,000 units 45-day option for underwriters to purchase additional units
Combination deadline 15 months Period from IPO closing to complete initial business combination
initial public offering financial
"consummated its initial public offering (“IPO”) of 15,000,000 units"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
blank check company financial
"Disciplined Growth Acquisition Corporation is a blank check company formed for the purpose"
A blank check company is a publicly listed shell that raises money from investors before naming a specific business to buy or merge with, similar to handing a cashier a signed check and asking them to fill in the payee later. It matters to investors because it offers a faster, often cheaper path for private firms to become public, but carries extra risk since returns depend on the organizers’ ability to find a good deal and on limited information about the future business.
trust account financial
"$10.05 per Unit was deposited into a trust account with Odyssey Transfer and Trust Company"
A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.
founder shares financial
"an aggregate of 5,750,000 Class B ordinary shares of the Company, par value $0.0001 per share (the “founder shares”)"
Founder shares are the ownership stakes given to the people who start a company, often with extra voting power or protections compared with ordinary shares. For investors, they matter because founders’ control and incentives influence decisions about strategy, hiring, and whether the company sells or stays independent — like a family that keeps majority voting rights in a household decision. High founder ownership can mean stable leadership but also a risk that outside shareholders have less influence.
over-allotments financial
"45-day option to purchase up to an additional 2,250,000 units to cover over-allotments"
An over-allotment is a temporary extra batch of shares that the underwriters of a stock offering are allowed to sell beyond the original amount, with the right to buy those shares back later. Think of it as spare tickets sold to meet demand and then reclaimed if needed to keep the market orderly; it helps stabilize the stock price after an offering and can affect short-term supply and potential dilution, which matters to investors tracking price and ownership stakes.
Amended and Restated Memorandum and Articles of Association regulatory
"filed its amended and restated memorandum and articles of association"
A document that replaces and combines a company’s core governing papers into a single, updated set of rules spelling out the company’s purpose, share structure, voting rights and how decisions are made. Think of it as rewriting and consolidating a household’s rulebook so everyone knows who controls what and how major choices are handled. Investors watch these changes because they can alter ownership rights, governance, dividend policy and takeover protections, affecting value and control.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): May 26, 2026

 

Disciplined Growth Acquisition Corporation

(Exact name of registrant as specified in its charter)

 

Cayman Islands   001-43314   98-1913742

(State or other jurisdiction
of incorporation)

  (Commission File Number)  

(IRS Employer
Identification No.)

 

169 Rockaway Avenue

Garden City, New York 11530

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (516) 550-4122

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange
on which registered
Units, each consisting of one Class A ordinary share and one right   DGACU   The New York Stock Exchange
Class A ordinary shares, par value $0.0001 per share   DGAC   The New York Stock Exchange
Rights, each right entitling the holder to receive one-fourth (1/4) of one Class A ordinary share upon the consummation of the initial business combination   DGACR   The New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

On May 28, 2026, Disciplined Growth Acquisition Corporation (the “Company”) consummated its initial public offering (“IPO”) of 15,000,000 units (the “Units”) at a price of $10.00 per Unit, generating gross proceeds to the Company of $150,000,000. In connection with the offering, $10.05 per Unit was deposited into a trust account with Odyssey Transfer and Trust Company acting as trustee. Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share (the “Class A Ordinary Shares”), and one right to receive one-fourth (1/4) of one Class A Ordinary Share upon the consummation of the Company’s initial business combination (each, a “Share Right”). The underwriters have a 45-day option to purchase up to an additional 2,250,000 units to cover over-allotments, if any.

 

In connection with the IPO, the Company entered into the following agreements, forms of which were previously filed as exhibits to the Company’s registration statement on Form S-1 (File No. 333-295097) for the IPO, initially filed with the U.S. Securities and Exchange Commission (the “Commission”) on April 16, 2026 (as amended, the “Registration Statement”):

 

An Underwriting Agreement, dated May 26, 2026, by and among the Company and Maxim Group LLC (“Maxim” or the “Representative”), as representative of the several underwriters, a copy of which is attached as Exhibit 1.1 hereto and incorporated herein by reference.

 

A Share Rights Agreement, dated May 26, 2026, by and between the Company and Odyssey Transfer and Trust Company, as rights agent, a copy of which is attached as Exhibit 4.1 hereto and incorporated herein by reference.

 

An Investment Management Trust Agreement, dated May 26, 2026, by and between the Company and Odyssey Transfer and Trust Company, as trustee, a copy of which is attached as Exhibit 10.1 hereto and incorporated herein by reference.

 

A Registration Rights Agreement, dated May 26, 2026, by and among the Company, Disciplined Growth Sponsor LLC (the “Sponsor”), and Maxim, as representative of the several underwriters, a copy of which is attached as Exhibit 10.2 hereto and incorporated herein by reference.

 

A Private Placement Units Purchase Agreement, dated May 26, 2026 (the “Sponsor Private Placement Units Purchase Agreement”), by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.3 hereto and incorporated herein by reference.

 

A Private Placement Units Purchase Agreement, dated May 26, 2026 (the “Underwriters’ Private Placement Units Purchase Agreement”), by and among the Company and Maxim Partners LLC, a copy of which is attached as Exhibit 10.4 hereto and incorporated herein by reference.

 

A Letter Agreement, dated May 26, 2026, by and among the Company, its officers, its directors and the Sponsor, a copy of which is attached as Exhibit 10.5 hereto and incorporated herein by reference.

 

Indemnity Agreements, dated May 26, 2026, by and among the Company and each director and officer of the Company, a form of which is attached as Exhibit 10.6 hereto and incorporated herein by reference.

 

An Administrative Services Agreement, dated May 26, 2026, by and between the Company and the Sponsor, which is attached as Exhibit 10.7 hereto and incorporated herein by reference.

 

A Securities Subscription Agreement between the At-Risk Capital Investors and the Company, dated May 26, 2026, by and between the Company and the At-Risk Capital Investors, which is attached as Exhibit 10.8 hereto and incorporated herein by reference.

 

1

 

 

The Company also issued 675,000 Class A Ordinary Shares to the Representative’s designee as part of the underwriting compensation (the “Representative Shares”) on the closing of the IPO. The Representative Shares are identical to the Class A Ordinary Shares included in the Units, except that the Representative has agreed not to transfer, assign, sell, pledge, or hypothecate any such Representative Shares, or subject such Representative Shares to hedging, short sale, derivative, put or call transaction that would result in the economic disposition of the securities by any person until 180 days immediately following the commencement of sales of the IPO pursuant to FINRA Rule 5110(e)(1), subject to exceptions pursuant to FINRA Rule 5110(e)(2). The Representative has agreed not to transfer, assign or sell any such Representative Shares until the completion of the initial business combination, except as permitted under the Underwriting Agreement. In addition, the Representative has agreed (i) to waive its redemption rights (or right to participate in any tender offer) with respect to such shares in connection with the completion of the Company’s initial business combination and (ii) to waive its rights to liquidating distributions from the trust account with respect to such shares if the Company fails to complete its initial business combination within the period as provided in the Company’s Amended and Restated Memorandum and Articles of Association (the “Amended Charter”).

 

Item 3.02. Unregistered Sales of Equity Securities.

 

Simultaneously with the closing of the IPO, pursuant to the Sponsor Private Placement Units Purchase Agreement and the Underwriters’ Private Placement Units Purchase Agreement, the Company completed the private sale of an aggregate of 345,000 units (the “Private Placement Units”) to the Sponsor, Maxim and/or its designees and at-risk capital investors at a price of $10.00 per Private Placement Unit for an aggregate purchase price of $3,450,000. Of these Private Placement Units, the Sponsor purchased 175,000 Private Placement Units, Maxim and/or its designees purchased 60,000 Private Placement Units and the at-risk capital investors purchased 110,000 Private Placement Units. The Private Placement Units (and underlying securities) are identical to the Units sold in the IPO, except as otherwise disclosed in the Registration Statement. No underwriting discounts or commissions were paid with respect to such sale. The issuance of the Private Placement Units was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

  

Prior to the IPO, the Sponsor acquired from the Company an aggregate of 5,750,000 Class B ordinary shares of the Company, par value $0.0001 per share (the “founder shares”), for an aggregate purchase price of $25,000, or approximately $0.004 per share. Simultaneously with the IPO, the Sponsor forfeited 1,100,000 founder shares and the at-risk capital investors purchased 1,100,000 founder shares pursuant to the Subscription Agreements (of which, 150,000 founder shares were purchased by the Maxim individuals and 950,000 founder shares were purchased by the third-party investors) for an aggregate purchase price of approximately $4,000, or approximately $0.004 per share, which resulted in the Sponsor owning 4,650,000 founder shares. The founder shares will automatically convert into Class A Ordinary Shares at the time of the Company’s initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment as provided in the Amended Charter. No underwriting discounts or commissions were paid with respect to such sale. The issuance of the founder shares was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Effective May 27, 2026, in connection with the IPO, John W. Heilshorn, Aaron Spool, Michael Faber, John Ziegelman and Jay Gettenberg (collectively, the “Directors”) were appointed to the board of directors of the Company (the “Board”). Effective May 28, 2026, Mr. Gettenberg, Mr. Ziegelman and Mr. Faber were appointed to the Board’s Audit Committee, with Mr. Gettenberg serving as chair of the Audit Committee. Each of Mr. Faber, Mr. Heilshorn and Mr. Gettenberg was appointed to the Board’s Compensation Committee, with Mr. Faber serving as chair of the Compensation Committee.

 

On May 26, 2026, the Company entered into indemnity agreements with each of the Directors and Executive Officers, which require the Company to indemnify each of them to the fullest extent permitted by applicable law and to advance expenses incurred as a result of any proceeding against them as to which they could be indemnified. The foregoing summary of the indemnity agreements does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the form of indemnity agreement, which is filed as Exhibit 10.6 to this Current Report on Form 8-K and incorporated herein by reference.

 

Item 5.03. Amendments to the Amended and Restated Memorandum and Articles of Association; Change in Fiscal Year.

 

On May 26, 2026, in connection with the IPO, the Company filed its amended and restated memorandum and articles of association (the “Amended and Restated Memorandum and Articles of Association”) with the Cayman Islands Registrar of Companies, which was effective on May 26, 2026. The terms of the Amended and Restated Memorandum and Articles of Association are set forth in the Registration Statement and are incorporated herein by reference. A copy of the Amended and Restated Memorandum and Articles of Association is attached as Exhibit 3.1 hereto and incorporated herein by reference.

 

Item 8.01. Other Events.

 

A total of $150,750,000 from the proceeds of the offerings of the Units and the sale of the Private Placement Units (net of transaction expenses and working capital) was placed in a U.S.-based trust account maintained by Odyssey Transfer and Trust Company, acting as trustee. Except with respect to interest earned on the funds in the trust account that may be released to the Company to pay its taxes and up to $100,000 for dissolution expenses, the funds held in the trust account will not be released from the trust account until the earliest of (i) the completion of the Company’s initial business combination, (ii) the redemption of the Company’s public shares if it is unable to complete its initial business combination within 15 months from the closing of the IPO (or by such earlier liquidation date as the Company’s board of directors may approve), subject to applicable law, and (iii) the redemption of the Company’s public shares properly submitted in connection with a shareholder vote to amend the Company’s Amended and Restated Memorandum and Articles of Association to modify the substance or timing of its obligation to redeem 100% of the Company’s public shares if it has not consummated an initial business combination within 15 months from the closing of the IPO or with respect to any other material provisions relating to shareholders’ rights or pre-initial business combination activity.

 

On May 26, 2026, the Company issued a press release announcing the pricing of the IPO, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.

 

On May 28, 2026, the Company issued a press release announcing the closing of the IPO, a copy of which is attached as Exhibit 99.2 to this Current Report on Form 8-K.

 

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Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

The following exhibits are being filed herewith:

 

Exhibit No.   Description
1.1   Underwriting Agreement, dated May 26, 2026, between the Company and Maxim, as representative of the several underwriters.
     
3.1   Amended and Restated Memorandum and Articles of Association of the Company.
     
4.1   Share Rights Agreement, dated May 26, 2026, by and between the Company and Odyssey Transfer and Trust Company.
     
10.1   Investment Management Trust Agreement, dated May 26, 2026, between the Company and Odyssey Transfer and Trust Company.
     
10.2   Registration Rights Agreement, dated May 26, 2026, by and among the Company, the Sponsor and Maxim, as representative of the several underwriters.
     
10.3   Private Placement Units Purchase Agreement, dated May 26, 2026, between the Company and the Sponsor.
     
10.4   Private Placement Units Purchase Agreement, dated May 26, 2026, between the Company and Maxim Partners LLC.
     
10.5   Letter Agreement, dated May 26, 2026, by and among the Company, Sponsor and each of the officers and directors of the Company.
     
10.6   Form of Indemnity Agreement.
     
10.7   Administrative Services Agreement, dated May 26, 2026, between the Company and the Sponsor.
     
10.8   Securities Subscription Agreement, dated May 26, 2026, between the At-Risk Capital Investors and the Registrant.
     
99.1   Press Release, dated May 26, 2026
     
99.2   Press Release, dated May 28, 2026
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

3

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  DISCIPLINED GROWTH ACQUISITION CORPORATION
     
  By: /s/ Robert Wotczak
    Name:  Robert Wotczak
    Title: Chief Executive Officer
Dated: June 1, 2026    

 

4

 

Exhibit 99.1

 

Disciplined Growth Acquisition Corporation Announces Pricing of $150 Million Initial Public Offering

 

Garden City, New York, May 26, 2026 (GLOBE NEWSWIRE) -- Disciplined Growth Acquisition Corporation (NYSE: DGACU) (the “Company”) today announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. Each unit issued in the offering consists of one Class A ordinary share of the Company and one right to receive one-fourth (1/4) of a Class A ordinary share upon the consummation of the Company’s initial business combination. In connection with the offering, $10.05 per unit will be deposited into a trust account with Odyssey Transfer and Trust Company acting as trustee.  The Company’s units are expected to be listed on the New York Stock Exchange (“NYSE”) under the symbol “DGACU” and are expected to begin trading on May 27, 2026. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on NYSE under the symbols “DGAC” and “DGACR,” respectively. The closing of the offering is anticipated to take place on or about May 28, 2026, subject to customary closing conditions.

 

Maxim Group LLC is acting as the sole book-running manager for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price less the underwriting discount to cover over-allotments, if any.

 

A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on May 26, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

The offering is being made only by means of a prospectus, copies of which may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com, or by accessing the SEC’s website, www.sec.gov.            

 

About Disciplined Growth Acquisition Corporation

 

Disciplined Growth Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination involving the Company with one or more businesses or entities. The Company may pursue an initial business combination target in any industry or geographical location. It intends to focus its search in the financial technology, aerospace and defense technology, clean technology and other sectors with disruptive market opportunities, although it may pursue an acquisition opportunity in any business, industry, sector or geographical location.

 

The Company’s management team is led by Robert Wotczak, its Chief Executive Officer and Chairman, and Emma Dell’Acqua, its Chief Financial Officer.

 

Forward-Looking Statements

 

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that such offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

 

Contact Information:

 

Disciplined Growth Acquisition Corporation
Patricia McCarron
Director of Strategy & Operations
Phone : 516-550-4122
Email : info@dgacspac.com

 

Exhibit 99.2

 

Disciplined Growth Acquisition Corporation Announces Closing of $150 Million Initial Public Offering

 

Garden City, New York, May 28, 2026 (GLOBE NEWSWIRE) -- Disciplined Growth Acquisition Corporation (NYSE: DGACU) (the “Company”) today announced the closing of its initial public offering of 15,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share of the Company and one right to receive one-fourth (1/4) of a Class A ordinary share upon the consummation of the Company’s initial business combination. In connection with the offering, $10.05 per unit was deposited into a trust account with Odyssey Transfer and Trust Company acting as trustee. The Company’s units began trading on the New York Stock Exchange (“NYSE”) on May 27, 2026, under the ticker symbol “DGACU.” Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on NYSE under the symbols “DGAC” and “DGACR,” respectively.

 

Maxim Group LLC acted as the sole book-running manager for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price less the underwriting discount to cover over-allotments, if any.

 

A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on May 26, 2026. The Offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com, or by accessing the SEC’s website, www.sec.gov.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

About Disciplined Growth Acquisition Corporation

 

Disciplined Growth Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination involving the Company with one or more businesses or entities. The Company may pursue an initial business combination target in any industry or geographical location. It intends to focus its search in the financial technology, aerospace and defense technology, clean technology and other sectors with disruptive market opportunities, although it may pursue an acquisition opportunity in any business, industry, sector or geographical location.

 

The Company’s management team is led by Robert Wotczak, its Chief Executive Officer and Chairman, and Emma Dell’Acqua, its Chief Financial Officer.

 

Forward-Looking Statements

 

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the anticipated use of the net proceeds of the initial public offering and the simultaneous private placement. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

 

Contact Information:

 

Disciplined Growth Acquisition Corporation
Patricia McCarron
Director of Strategy & Operations
Phone : 516-550-4122
Email : info@dgacspac.com

 

FAQ

What did Disciplined Growth Acquisition Corporation (DGAC) raise in its IPO?

Disciplined Growth Acquisition Corporation raised $150,000,000 by selling 15,000,000 units at $10.00 per unit. Each unit includes one Class A ordinary share and one right to receive one-fourth of a Class A share after the company completes a business combination.

How much cash from DGAC’s IPO and private placement is held in the trust account?

DGAC placed $150,750,000 into a U.S.-based trust account. This amount comes from the IPO and 345,000 private placement units, with $10.05 per IPO unit deposited, and generally remains restricted until a business combination, redemption event, or liquidation occurs under specified conditions.

What are DGAC’s founder shares and how will they convert?

DGAC’s sponsor initially bought 5,750,000 Class B founder shares, then forfeited 1,100,000, leaving 4,650,000 founder shares. These founder shares will automatically convert into Class A ordinary shares on a one-for-one basis when DGAC completes its initial business combination, subject to adjustments in the charter.

What private placement did DGAC complete alongside its IPO?

At IPO closing, DGAC sold 345,000 private placement units at $10.00 each for $3,450,000 in proceeds. The sponsor purchased 175,000 units, Maxim and its designees 60,000, and at-risk capital investors 110,000. These units mirror IPO units, subject to terms in the registration statement.

How long does DGAC have to complete its initial business combination?

DGAC has up to 15 months from the IPO closing to complete an initial business combination. If it fails to close a transaction in that period, public shares become redeemable from the trust account, subject to the company’s charter and applicable Cayman Islands and U.S. securities laws.

On which exchange are DGAC’s securities listed and under what symbols?

DGAC’s units trade on the New York Stock Exchange under symbol DGACU. After the securities separate, the Class A ordinary shares are expected to trade under DGAC, and the rights under DGACR, as described in the company’s offering materials and press releases.

Filing Exhibits & Attachments

17 documents