D and Z Media Acquisition Corp. announced the pricing of its initial public offering of 25,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the New York Stock Exchange and trade under the ticker symbol “DNZ.U”
Each unit consists of one share of the company’s Class A common stock and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the company expects that its Class A common stock and warrants will be listed on the New York Stock Exchange under the symbols ‘‘DNZ’’ and ‘‘DNZ WS,’’ respectively.
The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although it intends to focus on businesses related to media, education technology, or ed-tech, and other related industries.