Mercato Partners Acquisition Corporation (MPRA) Closes Nuvini Deal
by Nicholas Alan Clayton on 2023-09-29 at 1:54pm

Mercato Partners (NASDAQ:MPRA) closed its combination with Brazilian software firm Nuvini this afternoon and its shares and warrants are expected to begin trading on the Nasdaq under the symbols “NVNI” and “NVNIW” on October 2.

The combined company will continue to be led by its existing CEO and a seven-member Board including Mercato CEO Dr. Greg Warnock and CFO Scott Klossner. The parties have yet to release redemption figures, but Mercato expanded the deal’s PIPE to $12.8 million this week.

Mercato Partners initially announced its $312 million combination with Nuvini in February of this year. Sao-Paulo-based Nuvini is a leading acquirer of business software firms in Brazil.

This portfolio includes leadlovers, Ipê Digital, Effecti, Datahub, Onclick, Mercos and SmartNX, and the company aims to continue geographic expansion throughout South America moving forward.


ADVISORS

  • Maxim Group LLC acted as exclusive financial advisor to Mercato in connection with the business combination.
  • Latham & Watkins LLP served as Mercato’s U.S. legal counsel.
  • Machado Meyer served as Mercato’s Brazilian legal counsel.
  • Maples and Calder (Cayman) LLP served as Mercato’s Cayman legal counsel.
  • Mayer Brown LLP advised the Nuvini Group as their U.S. legal counsel.
  • Tauil & Chequer Advogados, an affiliate of Mayer Brown LLP, as Nuvini’s Brazilian legal counsel.
  • Carey Olsen Cayman Limited, as Nuvini’s Cayman legal counsel.
Mercato Partners Acquisition Corporation (MPRA) Closes Nuvini Deal
Recent Posts
by Nicholas Alan Clayton on 2025-07-01 at 7:51pm

Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....

by Nicholas Alan Clayton on 2025-07-01 at 7:47pm

Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....

by Nicholas Alan Clayton on 2025-07-01 at 7:19pm

1RT Acquisition Corp. (NASDAQ:ONCHU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ONCHU”, Wednesday, July 2, 2025. The new SPAC plans to target company in the digital asset ecosystem involved in the creation, storage, exchange or management of such assets, whether...

by Nicholas Alan Clayton on 2025-07-01 at 3:49pm

D. Boral ARC Acquisition II Corp. (NASDAQ:ARBCU) has filed for a $250 million SPAC to give underwriter D. Boral a second in-house SPAC to pursue deals with. The new SPAC offers investors a 1/2 warrant and an initial 18-month time frame to complete a deal. D. Boral II’s sponsor may automatically extend this once by...

by Nicholas Alan Clayton on 2025-07-01 at 11:33am

Ribbon (NASDAQ:RIBB) has entered into a definitive agreement to combine with Japanese biotech firm DRC Medicine at a pro forma equity value of $422 million. Tokyo-based DRC Medicine manufactures reusable anti-bacterial and anti-allergen wearables and aims to go deeper into the medical device and pharmaceutical space. Transaction Overview Ribbon is expected to provide $50.4 million...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved