Capitalworks Emerging Markets Acquisition Closes $230M IPO, Including Full Exercise of Over-Allotment

Capitalworks Emerging Markets Acquisition closed its IPO of 23 million units, including the full exercise of the underwriters’ option to purchase an additional 3 million units. The units trade on the Nasdaq under CMCAU.

Barclays was sole book-running manager for the offering.

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. Read more.

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