SPAC two and LatAm Logistic Properties announced that the SEC has declared effective the amended registration statement for their proposed merger. The target is a developer, owner, and manager of institutional quality, Class A industrial and logistics real estate in Central and South America.
The SPAC’s shareholders are scheduled to vote on the deal March 25.
Terms call for LatAm Logistic to receive 28.6 million shares valued at $10 each. There is a minimum cash closing condition of $25 million, which assumes 70% redemptions by the SPAC’s public shareholders. Read more.
