05:28 AM EST, 12/17/2024 (MT Newswires) -- Roman DBDR Acquisition II said late Monday it has closed an initial public offering of 20 million units at $10.00 per unit, raising gross proceeds of $200 million.

The units of the blank check company began trading Friday on Nasdaq under the ticker symbol "DRDBU," with each unit consisting of one share and one-half of one redeemable warrant. Each whole warrant entitles the holder the right to purchase one class A share at $11.50 per share, the company said.

The company said it has deposited $201 million into its trust account that includes proceeds received from the IPO and a simultaneous private placement of warrants.

Once the units begin separate trading, the shares and warrants are expected to be listed under the symbols "DRDB" and "DRDBW," respectively.