LatAm Logistic Properties and blank-check company two, announced the closing of their merger. LatAm 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 approved the deal March 25.
LatAm shares began trading today on the NYSE American under the ticker symbol LPA.
Terms called for LatAm Logistic to receive 28.6 million shares valued at $10 each, with a minimum cash closing condition of $25 million, which assumed 70% redemptions by the SPAC’s public shareholders.
BTG Pactual is financial and capital markets advisor to LatAm. Cohen & Company Capital Markets is exclusive financial advisor and lead capital markets advisor to the SPAC. Ellenoff Grossman & Schole is serving as legal counsel for two, and Baker & McKenzie is legal counsel to LatAm. Read more.
