Mercato Partners Acquisition in an 8-K said shareholders voted in favor of merging with Nuvini.
Founded in São Paulo, Brazil, in 2020 by entrepreneur and investor Pierre Schurmann, Nuvini is a private serial software business acquirer focused on Latin America.
Mercato expects the business combination to close today. Nuvini shares and warrants would then begin trading Oct. 2 on the Nasdaq under the ticker symbols NVNI and NVNIW.
The deal has a combined enterprise value of $312 million, Mercato announced in February. At that time, the estimated pro forma enterprise value included an anticipated $23 million in cash net of Nuvini debt at the time of closing, which assumed no further redemptions by Mercato’s existing stockholders.
The 8-K did not disclose redemptions, if any, going into the vote. Read more.
