Welcome to our dedicated page for PROCAPS GROUP SA news (Ticker: LATNU), a resource for investors and traders seeking the latest updates and insights on PROCAPS GROUP SA stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PROCAPS GROUP SA's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PROCAPS GROUP SA's position in the market.
Procaps Group, a leading healthcare and pharmaceutical firm, has successfully completed its merger with Union Acquisition Corp. II (NASDAQ: LATN, LATNU, LATNW), valued at approximately
Union Acquisition Corp. II (NASDAQ: LATN, LATNU, LATNW) announced on September 22, 2021, that its shareholders approved the business combination with Procaps Group. About 97% of votes favored the merger during an Extraordinary General Meeting. The closing is expected by September 30, 2021, after which the combined entity will trade under the ticker symbols 'PROC' and 'PROCW'. A committed private investment in public equity (PIPE) of $100 million will bolster capital for growth and expansion in the healthcare sector.
Procaps Group has initiated a private offering of
The Extraordinary General Meeting of Union Acquisition Corp. II (LATN) shareholders is set for September 22, 2021, to vote on the proposed business combination with Procaps Group. LATN's board recommends voting 'FOR' all proposals. This deal is expected to yield up to $236.9 million in cash proceeds and aims to list Procaps Group on Nasdaq post-transaction. Shareholders are urged to vote by September 21, 2021. The definitive proxy statement has been filed, providing critical details about the proposed merger.
Procaps Group, a prominent healthcare and pharmaceutical firm, has released two videos showcasing its Manufacturing and R&D facilities in Latin America. This announcement coincides with the company's recent virtual analyst day and Q2 2021 earnings results. The videos highlight production lines for OTC and prescription drugs, as well as nutritional supplements. Additionally, the firm provided an update on its merger with Union Acquisition Corp. II (NASDAQ: LATN), expected to close in Q3 2021, pending shareholder approval. The merger includes a $100 million private investment, aiming to boost growth.
Procaps Group has announced preliminary estimates for its Q2 2021 net revenues, projecting a growth of over 25% compared to the same period last year. This growth is attributed to increased demand across all five business units, with notable performance from Procaps Colombia and CASAND. The company is in the process of a business combination with Union Acquisition Corp. II (NASDAQ: LATN, LATNU, LATNW), expected to close Q3 2021, subject to shareholder approval. A PIPE of $100 million has been secured to fund future growth initiatives.
