DILA Capital Acquisition priced its IPO of 5.5 million units at $10 each, up from the 5 million units initially registered in March. Each unit consists of one share of Class A common stock and one warrant, exercisable at $11.50.
Units will trade on the Nasdaq under DILAU.
DILA stands for Development in Latin America. The SPAC’s sponsor is an affiliate of DILA Capital, a venture capital firm with presence in Miami, Mexico City, and Buenos Aires, Argentina. Since its founding in 2013, DILA Capital has been focused on investing in early-stage companies with high growth potential doing business in Spanish-speaking Latin America.
The SPAC is led by CEO and Chairman Eduardo Clave, who co-founded DILA Capital and serves as managing partner.
EarlyBirdCapital was sole book-running manager of the offering. Read more.
