Patria Latin American Opportunity Acquisition priced its initial public offering of 20 million units at $10 each. The units begin trading today on the Nasdaq under the ticker symbol PLAOU. Each consists of one Class A ordinary share and one-half of a warrant.
When the securities begin separate trading, shares and warrants are expected to be listed under the symbols PLAO and PLAOW.
The offering is expected to close March 14.
The SPAC intends to focus its search in Latin America and in sectors where Patria has developed investment expertise (including healthcare, food and beverage, logistics, agribusiness, education, and financial services). The company’s sponsor is associated with the Brazilian asset management firm Patria Investimentos Ltda.
J.P. Morgan and Citigroup are global coordinators and representatives of the underwriters. Read more.
