Capitalworks Emerging Markets Acquisition priced its IPO of 20 million units at $10 per unit.
The units list on the Nasdaq and begin trading today under CMCAU.
Each unit consists of one share and one-half of a warrant. After the securities begin trading separately, shares and warrants are expected to list under CMCA and CMCAW.
Sectors of particular interest to the new SPAC include consumer and consumer technology, financial and business services, healthcare, and technology, media and telecom, or TMT in emerging markets.
The offering is expected to close Dec. 3.
Barclays is the sole book-running manager for the offering. Read more.
