Nachrichten January 24, 2022

LatAmGrowth SPAC’s $130 Million IPO

Shearman & Sterling advised LatAmGrowth SPAC on its initial public offering of 13 million units at an offering price of $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant.

LatAmGrowth SPAC is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company intends to focus its search on high growth companies in Latin America, including Brazil, as well as businesses in the United States that cater to the Hispanic community: (1) with significant technological advantages, and/or (2) that are well positioned to benefit from the favorable structural and secular trends of the emerging middle class. The company is led by Chief Executive Officer Gerard Cremoux, Chairman of the Board Eduardo Cortina and Chief Investment Officer Gerardo Mendoza Llanes.

The Team