Valor Latitude Acquisition priced its IPO of 20 million units at $10 each.
Units list on the Nasdaq and start trading today under VLATU. Each consists of one Class A ordinary share and one-third of one redeemable warrant; whole warrants exercisable at $11.50 for a share.
Once the securities comprising the units begin separate trading, the Class A ordinary shares and redeemable warrants are expected to list under VLAT and VLATW, respectively.
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.
The offering is expected to close May 6. Read more.
