Insight Digital Partners II (Nasdaq: DYORU) has closed its IPO of 17,250,000 units at $10.00 per unit, with each unit containing one Class A ordinary share and one-half of a redeemable warrant. The units are listed on Nasdaq under the ticker symbol “DYORU” and will eventually trade separately. Additionally, the company completed a private placement of 5,450,000 warrants at $1.00 per warrant, raising $5,450,000. The proceeds from the IPO and private placement were placed in trust. The company aims to merge with high-growth businesses in the digital economy. Cohen & Company Capital Markets acted as the book-running manager for the offering.

Read more at GlobeNewswire: Insight Digital Partners II Announces Closing of $172.5