DDMX News

To: All Persons or Entities who purchased DD3 Acquisition Corp. (“DD3” or the “Company”) (DDMX) stock prior to August 5, 2019. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of DD3 to Betterware de Mexico (“Betterware”). Upon completion of the merger, the combined company will operate as "Betterware" and is expected to remain publicly listed on Nasdaq.  Under the terms of the deal, current Betterware shareholders will roll over most of their equity stakes and will remain majority owners of the combined company, with an anticipated ~80% stake at closing, while the remaining ownership will be held by public investors and DD3.

NEW YORK, Aug. 5, 2019 /PRNewswire/ -- DD3 Acquisition Corp. ("DD3") (DDMX), a publicly-traded special purpose acquisition company and Betterware de Mexico ("Betterware"), a leading direct-to-consumer selling company in Mexico (focused on the home solutions and organization segment), announced today they have entered into a definitive agreement to merge. The combined company will operate as "Betterware" and is expected to remain publicly listed on Nasdaq. The transaction implies an initial enterprise value of approximately US$367 million representing a multiple of 8.6x Betterware's estimated 2019 EBITDA.