DP Cap Acquisition Corp I
Cash in trust
$17.3M
$17,318,372
Trust per share
$10.21
Redemption value
IPO
Nov 2021
$230.0M raised
Combination deadline
—
Not disclosed
Filings on record
111
Latest Nov 14, 2025
Overview
DP Cap Acquisition Corp I is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0001857803. It completed its initial public offering in Nov 2021, raising $230.0M in gross proceeds. The vehicle is sponsored by DP Investment Management through DP Investment Management Sponsor I LLC. The mandate targets technology, consumer. Deadline lapsed without a deal; trust returned to public shareholders.
“we intend to focus our search for a target business operating in the technology sector.”
Reading the filings
Arithmetic on what DP Cap Acquisition Corp I has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $10.21 per public share, 2.1% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Underwriting
Cowen led the offering. It has been named on 15 SPAC IPOs, book-running 11 of them, and 13.3% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
SEC filing history
Free tier: filings older than 24 hours- 8-K
Submission of matters to a vote of security holders
Items 5.03, 5.07, 9.01 · Accession 0001477932-25-008321
- DEF 14A
Definitive proxy statement
Accession 0001477932-25-007495
- PRE 14A
PRE 14A
Accession 0001477932-25-007171
- 8-K
Submission of matters to a vote of security holders
Items 5.03, 5.07, 9.01 · Accession 0001477932-25-007087
- DEF 14A
Definitive proxy statement
Accession 0001477932-25-006520
- 8-K
Other events
Items 2.03, 8.01, 9.01 · Accession 0001477932-25-006122
- NT 10-Q
Late quarterly report notification
Accession 0001477932-25-005982
- PRE 14A
PRE 14A
Accession 0001477932-25-005938
- 8-K
Current report
Item 4.01 · Accession 0001477932-25-005746
- NT 10-Q
Late quarterly report notification
Accession 0001477932-25-003872
- 25-NSE
Notification of delisting
Accession 0001354457-25-000314
- NT 10-K
Late annual report notification
Accession 0001477932-25-002344
- 8-K
Current report
Items 4.01, 9.01 · Accession 0001477932-25-001988
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001326389-25-000137
- 8-K
Current report
Item 4.01 · Accession 0001477932-24-008051
- 8-K
Current report
Items 4.01, 9.01 · Accession 0001477932-24-007867
- SC 13D
Beneficial ownership report (activist)
Accession 0001477932-24-007555
- 3
Initial statement of beneficial ownership
Accession 0001062993-24-019409
- 3
Initial statement of beneficial ownership
Accession 0001062993-24-019408
- 8-K
Entry into a material definitive agreement
Items 1.01, 5.01, 5.02, 9.01 · Accession 0001477932-24-007480
- 8-K
Notice of delisting or failure to satisfy a listing rule
Item 3.01 · Accession 0001477932-24-007238
- 10-Q
Quarterly report
Accession 0001140361-24-046914
- SC 13G/A
Amended beneficial ownership report (passive)
Accession 0001326389-24-000174
- SC 13G/A
Amended beneficial ownership report (passive)
Accession 0001172661-24-004943
- 8-K
Submission of matters to a vote of security holders
Items 5.03, 5.07, 9.01 · Accession 0001477932-24-007057
- SC 13G/A
DPCS 13G/A
Accession 0002033916-24-000022
- DEF 14A
Definitive proxy statement
Accession 0001477932-24-006788
- UPLOAD
SEC staff comment letter
Accession 0000000000-24-011902
- PRER14A
PRER 14A
Accession 0001477932-24-006614
- CORRESP
Correspondence with SEC staff
Accession 0001477932-24-006615
DP Cap Acquisition Corp I: questions answered
What is DP Cap Acquisition Corp I?
DP Cap Acquisition Corp I is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0001857803. It completed its initial public offering in Nov 2021, raising $230.0M in gross proceeds. The vehicle is sponsored by DP Investment Management through DP Investment Management Sponsor I LLC. The mandate targets technology, consumer. Deadline lapsed without a deal; trust returned to public shareholders.
How much does DP Cap Acquisition Corp I hold in trust?
Approximately $17,318,372, or about $10.21 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must DP Cap Acquisition Corp I complete a merger?
No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.
What happens if DP Cap Acquisition Corp I does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in DP Cap Acquisition Corp I, and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.21 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
Is the trust value the same as the share price for DP Cap Acquisition Corp I?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
Who sponsors DP Cap Acquisition Corp I, and what is their track record?
DP Investment Management Sponsor I LLC is the sponsor entity, part of the DP Investment Management franchise. This is the only vehicle we have attributed to that sponsor. Named principals: Scott Savitz.
Which banks underwrote the DP Cap Acquisition Corp I IPO?
Cowen. Cowen was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is DP Cap Acquisition Corp I a good investment?
That is not a question this site answers. DP Cap Acquisition Corp I is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this DP Cap Acquisition Corp I data come from?
Filings DP Cap Acquisition Corp I submitted to the SEC under CIK 0001857803: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Sep 4, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
DP Investment Management: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Cowen in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Technology SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All liquidated spacs
Deadline lapsed without a deal; trust returned to public shareholders.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.