Lowenstein Sandler represented Cohen & Company Capital Markets as sole book-running manager in the initial public offering of Insight Digital Partners II (Nasdaq: DYORU), a special purpose acquisition company (SPAC). The initial public offering that closed on October 30, 2025, raised aggregate gross proceeds of $172.5 million. The units trade on the Nasdaq Global Market under the ticker symbol "DYORU."
Insight Digital Partners II intends to combine with a company in a high-growth, high-impact sector that forms the backbone of the digital economy. Target areas include infrastructure supporting stablecoins and digital payments, staking and mining operations, trading and exchange platforms, and high-performance computing—alongside innovative opportunities in energy that power these advancements.
Cohen & Company is a full-service boutique investment bank that provides innovative strategic and financial advice in M&A, capital markets, and SPAC advisory services.
The Lowenstein deal team includes Daniel L. Forman, Tracy F. Buffer, Barrett K. Davis, and Hannah Pastore.