DD3 Acquisition Corp.
Completed 2020-03-16- CIK 1748252
- DDMX
- Now BWMX
- IPO 2018-10-12
- $57.1M trust
- 84 filings
Successfully merged with Betterware de México, S.A. de C.V. (Betterware) • Now trading as BWMX
- IPO Size
- $55.7M
- raised at the IPO
- Trust
- $57.1M
- as of 2019-12-31
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2018
- year it listed
Filings, by quarter
84 filings over 11 quarters; violet bars carry a milestone
- 18 Q3: 5 filings
- 18 Q4: 32 filings
- 19 Q1: 4 filings
- 19 Q2: 1 filing
- 19 Q3: 16 filings
- 19 Q4: 5 filings
- 20 Q1: 20 filings
- 20 Q2: 0 filings
- 20 Q3: 0 filings
- 20 Q4: 0 filings
- 21 Q1: 1 filing
- S-1 filed 18 Q3
- IPO 18 Q4
- Definitive agreement 19 Q3
- Completed 20 Q1
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
DD3 Acquisition Corp. is a blank-check company seeking an initial business combination; its search is geographically focused on businesses located in Mexico and Hispanic businesses located in the United States, without an industry limitation.
Geographic Focus
Mexico, United States
Key Information
As the filings state it
- IPO Date
- 2018-10-12
- Jurisdiction of Incorporation
- British Virgin Islands
- SIC
- 6770
- Completion Date
- 2020-03-16
- Merger Target
- Betterware de México, S.A. de C.V. (Betterware)
- SPAC Ticker
- DDMX
- Merged Ticker
- BWMX
Stock Performance
BWMXTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2019-01-03 | $9.80 | |
| At Merger | 2020-03-17 | $9.08 | -7% |
| 6 Months Post-Merger | 2020-09-16 | $20.90 | +130% |
| 1 Year Post-Merger | 2021-03-17 | $37.81 | +316% |
| 2 Years Post-Merger | 2022-03-17 | $19.38 | +113% |
| Current Price | 2026-10-16 | $16.10 | +64% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team is led by Dr. Martín M. Werner and Jorge Combe, whose careers include senior roles at Goldman Sachs and extensive Latin American investment banking and M&A experience. The management platform includes DD3 Capital Partners, and the board brings experience across financial services, government, real estate, energy and other industries.