8-KFiled Jul 13, 8:00 PM ET
Disciplined Growth Acquisition Corp Announces Separate Trading of Shares & Rights
$DGAC · DISCIPLINED GROWTH ACQUISITION CorpResearch Summary
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Disciplined Growth Acquisition Corp Announces Separate Trading of Shares & Rights
What Happened
- On July 14, 2026, Disciplined Growth Acquisition Corporation (DGAC) announced that, beginning July 17, 2026, holders of the Units issued in its IPO may elect to separate and separately trade the Class A ordinary shares and the Rights contained in each Unit. Each Unit consists of one Class A ordinary share and one Right (each Right entitles the holder to one-fourth of a Class A share upon a business combination).
Key Details
- Effective trading date for separated securities: July 17, 2026.
- Post-separation ticker symbols: Class A ordinary shares — "DGAC"; Rights — "DGACR"; Units that remain intact — "DGACU" on the New York Stock Exchange.
- Only whole Rights will trade after separation; no fractional Rights will be issued.
- Holders must have their brokers contact Odyssey Transfer and Trust Company (the transfer agent) to effect separation of Units into shares and Rights.
Why It Matters
- Separating Units into shares and Rights can increase flexibility and liquidity for investors by allowing trading of each component independently.
- Investors should be aware they must instruct their broker to process the separation (via the transfer agent) if they want to trade the components; otherwise their Units will continue trading as DGACU.
- The lack of fractional Rights means trading will be limited to whole Rights, which may affect how holders manage small holdings.