Agrico Acquisition registered with the SEC to offer 12.5 million units priced at $10 per unit. Each consists of one Class A ordinary share and one-half of one redeemable warrant, wirth whole warrants exercisable at $11.50.
The SPAC expects to raise up to $143.75 million if the underwriters’ over-allotment option is exercised in full.
Agrico in the filing said it will concentrate on AgTech target businesses in the Americas.
The SPAC is led by CEO and Chairman Brent de Jong, the managing partner of De Jong Capital, a family investment company and has served since November 2019 as chairman of Emergent Technology and its predecessors.
The SPAC has applied for a listing on the Nasdaq under RICOU. Read more.
