XPAC Completes $200M IPO

 XPAC Acquisition today closed its IPO of 20 million units priced at $10 each.

The underwriter has an option to purchase up to an additional 3 million units to cover over-allotments, if any.

XPAC said in an 8-K filing it also raised $6 million through the sale of 4 million private placement warrants priced at $1.50 each.

The SPAC plans to target the healthcare, financial services, education, consumer goods and retail and technology sectors in Brazil. Read more.

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