Brazil-Focused Itiquira Closes $230M IPO

Itiquira Acquisition
Itiquira Acquisition Corp Logo

Itiquira Acquisition closed its IPO of 23 million units at a price of $10 per unit, including 3 million units issued pursuant to the exercise by the underwriters of their over-allotment option in full.

Units list on the Nasdaq under ITQRU. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50. After the securities comprising the units begin separate trading, shares and warrants will list under ITQ and ITQRW, respectively.

The new SPAC is targeting non-cyclical businesses based in Brazil.

CEO and chairman Paulo Carvalho de Gouvea is based in Brazil and has an extensive track-record in investing and managing companies in the country. Read more.

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