MIAMI--(BUSINESS WIRE)--DPCM Capital, Inc., today announced the pricing of its initial public offering of 30,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the New York Stock Exchange and trade under the ticker symbol “XPOA.U” beginning October 21, 2020. Each unit consists of one share of the Company’s Class A common stock and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Company expects that its Class A common stock and warrants will be listed on the New York Stock Exchange under the symbols “XPOA” and “XPOA WS,” respectively.

The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company’s efforts to identify a prospective target business will not be limited to a particular business, industry or geographical location, although it intends to focus on businesses in the technology sector.

The company is led by Chairman and Chief Executive Officer Emil Michael. Special advisors include Eric Schmidt and Betsy Atkins.

UBS Securities LLC is acting as sole book-running manager of the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 4,500,000 units at the initial public offering price to cover over-allotments, if any.