Company: DMAAR
Filing Date: 2025-01-22
Form Type: POS AM
Source: 0001213900-25-005176
Chunk: 125

Company: Drugs Made In America Acquisition Corp.
Filing Date: 2025-01-22
Form: POS AM
Chunk 125
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 those provisions are penal in nature. Although there is no statutory enforcement in the Cayman Islands of judgments obtained in the United States, the courts of the Cayman Islands will recognize and enforce a foreign money judgment of a foreign court of competent jurisdiction without retrial on the merits based on the principle that a judgment of a competent foreign court imposes upon the judgment debtor an obligation to pay the sum for which judgment has been given provided certain conditions are met. For a foreign judgment to be enforced in the Cayman Islands, such judgment must be final and conclusive and for a liquidated sum, and must not be in respect of taxes or a fine or penalty, inconsistent with a Cayman Islands judgment in respect of the same matter, impeachable on the grounds of fraud or obtained in a manner, or be of a kind the enforcement of which is, contrary to natural justice or the public policy of the Cayman Islands (awards of punitive or multiple damages may well be held to be contrary to public policy). A Cayman Islands Court may stay enforcement proceedings if concurrent proceedings are being brought elsewhere. Subject to the above limitations, in appropriate circumstances, a Cayman Islands court may give effect in the Cayman Islands to other kinds of final foreign judgments such as declaratory orders, orders for performance of contracts and injunctions. 79

Use of proceeds We are offering 20,000,000 units at an offering price of $10.00 per unit. We estimate that the net proceeds of this offering together with the funds we will receive from the sale of the private units will be used as set forth in the following table.

| Gross proceeds                                                          |     | Without        
 Over-Allotment 
 Option         |             |   |     | Over-Allotment 
 Option         
 Exercised      |             |   |
|:------------------------------------------------------------------------|:----|:---------------|------------:|:--|:----|:---------------|------------:|:--|
| Gross proceeds from units offered to public(1)                          |     | $              | 200,000,000 |   |     | $              | 230,000,000 |   |
| Gross proceeds from private units offered in the private placement      |     |                |   4,000,000 |   |     |                |   4,300,000 |   |
| Total gross proceeds                                                    |     | $              | 204,000,000 |   |     | $              | 234,300,000 |   |
| Estimated