DD3 Acquisition Corp. II: directors' dealings · United States · SEC (Form 4)

About DD3 Acquisition Corp. II

DD3 Acquisition Corp. II is a U.S.-listed special purpose acquisition company (SPAC) that traded on Nasdaq in the United States. Its original business model was not that of a traditional operating company, but rather a capital markets vehicle formed to identify and complete a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with a private target. The company was incorporated in Delaware on September 30, 2020, and raised capital through its IPO to finance a future combination rather than to build an in-house operating business. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1828957/000182912620000154/dd3acqcorpii_s1.htm)) Strategically, DD3 Acquisition Corp. II stood out because its initial investment focus was directed toward Mexico and Hispanic businesses in the United States, while still retaining broad sector flexibility. That positioning is relevant for investors because it shows a SPAC with a defined geographic thesis, but without a narrow industry limitation. As a blank-check company, DD3 did not offer commercial products or recurring operating services before the de-SPAC transaction. Its core activity was sourcing a target, negotiating a transaction, and structuring the financing and listing process around that deal. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1828957/000182912620000154/dd3acqcorpii_s1.htm)) DD3 raised $125.0 million in its December 2020 IPO, plus an additional $3.7 million from a concurrent private placement. The units were sold at $10.00 each, with each unit consisting of one Class A share and one-half of one warrant. The securities were listed on Nasdaq under the symbols DDMXU, DDMX, and DDMXW. For investors, these details matter because SPAC economics are driven by trust-account capital, redemption dynamics, and the embedded optionality of warrants. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1828957/000182912620000354/dd3acqcorpii_8-k.htm)) The most important recent milestone in DD3’s history was its announced and approved business combination with Codere Online, a Latin American online gaming and casino operator. SEC filings show that DD3 and Codere Online entered into a definitive business combination agreement, that DD3 stockholders approved the transaction in November 2021, and that Nasdaq later confirmed the effective corporate action related to the combination. In practical terms, this means DD3 is no longer just a blank-check shell searching for a deal; it became part of a cross-border transaction designed to bring a Latin American gaming platform to public markets. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1828957/000182912621008022/dd3acquisition2_425.htm)) From a competitive standpoint, DD3 competed with a crowded field of U.S. SPAC sponsors targeting growth assets, especially cross-border opportunities. Its differentiation was its sponsor network, access to U.S. capital markets, and a thesis centered on Spanish-speaking markets. For analysts, DD3 is best understood as a financial structuring vehicle rather than a classic industrial or consumer company, with its historical relevance tied to deal execution and the public listing process.