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.