Valor Latitude Acquisition registered with the SEC to offer 20 million units at $10 each.
A unit will consist of one Class A ordinary share and one-half of one redeemable warrant, with whole warrants exercisable at $11.50 for one share.
The new SPAC said it will target technology-enabled Latin American companies seeking to become category-defining enterprises and those targeting or expected to pursue cross-border expansion.
Valor Latitude is led by CEO and Director Mario Mello, who since 2013 has served as an advisory board member and operating partner of Valor Capital Group, a growth equity and venture capital investment firm focused on United States and Brazil cross border opportunities. From 2010 to 2018, he was general manager and general director of PayPal Latin America.
The SPAC said it will apply to list on the Nasdaq under VLATU. Read more.
