A SPAC backed by Brazilian asset manager Patria Investments plans to raise $250 million in an IPO on Nasdaq, Reuters reports.
Patria, which counts the Blackstone Group among its investors, said its executive officers may sponsor the blank-check company based in the Cayman Islands, with roughly $92 million.
The SPAC will focus on acquiring Latin America-based companies, but did not specify an industry in which to invest. Read more.
