DTOC redemption — the trust has been settled
The honest answer to “how do I redeem DTOC” is that there is nothing left to redeem — and no window was missed. Digital Transformation Opportunities Corp. has finished: the trust was paid back to shareholders or used to close the deal. What remains below is the record of the windows that existed, and what they paid.
The last redemption window we hold a filing for. The trust was settled after it.
No cash-per-share figure was filed for a final window. The trust was settled either way.
Per share, at the 6 March 2023 event — a filed figure, not an estimate.
31.50M shares redeemed across every filed event.
What happened to the redemption right
The right was not lost — it was used, and this is the honest sequence.
A SPAC share’s protection is not the cash in trust; it is the holder’s right to demand that cash. Digital Transformation Opportunities Corp. holders had that right at every vote, including the last one. Everyone who preferred the cash asked for it then and was paid; everyone who preferred to stay in became a shareholder of the company the SPAC bought, or was paid out pro rata when it wound up. Either way the trust account was emptied as the charter said it would be — there is no deadline here that anyone failed to meet.
Why this page still exists: people search for how to redeem long after a SPAC has finished, and the honest answer is that there is nothing left to redeem — not that they were too late. How SPAC redemption works, in plain English →
Every filed redemption event
1 eventEach time holders were offered their cash back, some took it. Every figure below is stated in the linked filing; nothing here is estimated.
- Mar 6, 2023Extensionno rate stated
In plain English
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.