Excelsa Acquisition Files for $250M IPO

IPO

Excelsa Acquisition today registered with the SEC to offer 25 million units at $10 each.

The SPAC in the filing said it wil “search for a target business on industries that service and capitalize on the favorable structural and secular trends of the emerging middle class across Latin America.”

Excelsa is led by CEO Mark Rosen, who has served as acting executive director of the United States at the International Monetary Fund since May 2019. Previously he was deputy assistant secretary of International Financial Markets at the U.S. Treasury. 

The SPAC will apply to list on the NYSE under XLSAU. Read more.

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