Insight Digital Partners II, a blank check company targeting the cryptocurrency industry, raised $150 million by offering 15 million units at $10.00. Each unit contains one share of common stock and one-half of one warrant, exercisable at $11.50.
Insight Digital Partners II is led by CEO and Chairman Michael Singer, the Managing Partner of Insight Private Equity Funds and Alternative Insight, who previously served as CEO of Insight Acquisition until its 2024 merger with Alpha Modus (Nasdaq: AMOD), and CFO Glenn Worman, a partner at SeatonHill Partners. The SPAC plans to target companies operating in the digital economy, including payment gateways, stablecoin, digital exchanges, crypto miners, crypto holding and trading, high performance Computing, energy, and crypto treasury strategy.
Insight Digital Partners II plans to list on the Nasdaq under the symbol DYORU. Cohen & Company Securities acted as sole bookrunner on the deal.
