SPAC two (NYSE: TWOA) and LatAm Logistic Properties announced today the filing of a Form F-4 outlining their proposed merger.
Terms call for a minimum of $25 million in net cash proceeds from the merger with the real estate company, which assumes 70% redemptions by TWOA’s public shareholders.
The deal was announced in August at an enterprise value of $578 million.
The target is a developer, owner, and manager of institutional quality, class A industrial and logistics real estate in Central and South America,
If approved, the combined company’s shares are expected to list on the NYSE under new ticker symbol LLP. Read more.
