Patria Latin American Opportunity announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PLAOU” Thursday, March 10.
The new SPAC intends to focus its search in Latin America and in sectors where Patria has developed investment expertise, including but not limited to healthcare, food and beverage, logistics, agribusiness, education, and financial services. Patria Latin American Opportunity is led by Chairman Ricardo Leonel Scavazza, CEO José Augusto Gonçalves de Araújo Teixeira, and CFO Marco Nicola D’Ippolito.
Total SPAC deal count for 2022 year-to-date is now 50. This offering is expected to close on Monday, March 14.
J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are acting as global coordinators and representatives of the offering’s underwriters. Davis Polk & Wardwell LLP is serving as Issuer’s Counsel with Simpson Thacher & Bartlett LLP serving as Underwriter’s Counsel. BDO USA, LLP serves as an auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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