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.
