TMT SPAC Roman DBDR Tech Acquisition III files for a $250 million IPO

Roman DBDR Tech Acquisition III, a blank check company targeting the TMT industries, filed on Monday with the SEC to raise up to $250 million in an initial public offering.

The Las Vegas, NV-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. At the proposed deal size, Roman DBDR Tech Acquisition III would command a market value of $313 million.

The company is led by Co-CEO and Chairman Donald Basile, an executive officer at Monsoon Blockchain and former CEO of Violin Memory and FusionIO, and Co-CEO and Director Dixon Doll Jr., the CEO of DBM Cloud Systems and Managing Director of Longstreet Ventures. The company plans to target the technology, media, and telecom (TMT) industries with an emphasis on the cloud data storage and information security spaces, focusing on businesses with enterprise values between $500 million and $1.5 billion.

Management's other SPACs include Roman DBDR Tech Acquisition II (RDTXU), which filed this past October, and Roman DBDR Tech Acquisition (DBDR; +2% from $10 offer price), which has a pending merger agreement with custom card manufacturer CompoSecure.

Roman DBDR Tech Acquisition III was founded in 2021 and plans to list on the Nasdaq under the symbol RDXXU. B. Riley Securities is the sole bookrunner on the deal.