Capitol Investment Corp. V

Capitol Investment Corp. V is a Delaware blank check company formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. The company, which was not limited to any particular industry or geographic location in selecting a target, was the fifth blank check vehicle established by Mark D. Ein and L. Dyson Dryden, who together had previously completed four SPAC transactions across diverse industries over a 13-year period. Capitol Investment Corp. V priced its initial public offering on December 3, 2020, raising $300 million through the sale of 30,000,000 units at $10.00 per unit, with units listed on the NYSE under the symbol "CAP.U." Each unit consisted of one share of Class A common stock and one-third of one redeemable warrant, with whole warrants exercisable at $11.50 per share; the Class A common stock and warrants traded separately under the symbols "CAP" and "CAP WS." The underwriters—Citigroup, Deutsche Bank Securities, and Morgan Stanley—held a 45-day over-allotment option for up to 4,500,000 additional units. Of the offering proceeds, $300.0 million ($345.0 million if the over-allotment was exercised in full) was deposited into a trust account at $10.00 per unit with Continental Stock Transfer & Trust Company acting as trustee.

The sponsor was Capitol Acquisition Management V, LLC, controlled by Mark D. Ein, the company's Chief Executive Officer and Chairman, and Capitol Acquisition Founder V, LLC, controlled by L. Dyson Dryden, the President, Chief Financial Officer, and Director. Ein brought over 30 years of private equity, venture capital, and public acquisition company experience, having previously been a Principal at The Carlyle Group and the founder of Venturehouse Group, while Dryden contributed over 20 years of M&A, capital formation, and investing experience, including prior service as a Managing Director in Citigroup's Investment Banking division. The sponsors and independent directors agreed to purchase 5,233,333 private placement warrants at $1.50 per warrant ($7,850,000 aggregate) in a simultaneous private placement, and the initial stockholders held 8,625,000 shares of Class B common stock. The company's charter required completion of an initial business combination within 24 months of the closing of the offering, failing which it would redeem 100% of its public shares at the per-share trust value.

Capitol Investment Corp. V completed its business combination with Doma Holdings, Inc., a San Francisco-based title insurance and real estate technology company that uses machine intelligence to transform residential real estate closings, after which the successor entity adopted the Doma name and the SPAC's lifecycle concluded. Following the merger, EDGAR reassigned the registrant's SIC code from 6770 (blank check) to 6361 (title insurance), and Form 25 was filed on September 27, 2024, under 17 CFR 240.12d2-2(a)(3), evidencing the substitution of the Capitol shares for those of the successor company. Doma Holdings, formerly known as States Title and Spear Holding, operates through underwriting and corporate segments, is headquartered at 201 Spear Street, San Francisco, California 94105, and is currently classified as an acquired/merged operating subsidiary.