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QDRO Acquisition Corp. is a blank check company incorporated in the Cayman Islands in July 2025, formed to effect a merger, share exchange, asset acquisition, or similar business combination with one or more businesses, with a focus on financial services, digital currency, and technology sectors. The company has no operating history or revenues, relying on proceeds from its initial public offering of 20,000,000 units at $10.00 each, totaling $200 million gross proceeds, with $200 million to be held in a U.S. trust account invested in government securities or money market funds. Net proceeds outside the trust are approximately $1.25 million for working capital. The sponsor, QDRO Sponsor LLC, holds 5,750,000 Class B founder shares (20% post-IPO on an as-converted basis) purchased for $25,000 and will purchase 4,000,000 private placement warrants at $1.00 each, while Cantor Fitzgerald & Co. purchases 2,000,000. The company has 18 months from IPO closing to complete a business combination, extendable by shareholder vote, or liquidate and redeem public shares at $10.00 per share. Public shareholders have redemption rights upon business combination approval. Management's experience in financial services and capital markets positions the company to identify targets benefiting from public listing, though conflicts exist due to sponsor incentives and management affiliations. The offering provides a public vehicle for targets in specified sectors amid market volatility.
Offering Amount
$750.0K
Shares Offered
500,000,000
Shares Offered
20,000,000
Offering Amount
$200,000,000
Price Range
$10.00
Share Type
Class A Ordinary Shares
Exchange
Nasdaq Global Market
Ticker
QADRU
Use of Proceeds: $200 million into trust account; $1.25 million for working capital, due diligence, and expenses.
Blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.