Arago Acquisition registered with the SEC to offer 7.5 million units to be priced at $10 each. A unit consists of one share and a warrant, redeemable at $11.50 for a share.
The SPAC noted in the S-1 filing that it intends to target “high growth target businesses that are headquartered in Latin America and are operating within sectors that have significant unmet demand.”
CEO and Director Reynaldo Sandoval, CFA, founded private-market asset manager Arago in 2018. From 2013 to 2018, he was vice president and director of PineBridge Investments, a private global asset manager, in Mexico and led PineBridge’s Mexico City’s Office, where he handled transactions alongside national and international funds.
EF Hutton is serving as sole book-running manager of the offering.
Arago in the filing said it has applied for a Nasdaq listing under the symbol ARAGU. Read more.
