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Nuvini has entered into a business combination agreement with Mercato Partners Acquisition Corporation (NASDAQ: MPRA) to acquire a portfolio of high-growth SaaS companies in Latin America. The transaction is estimated to have an enterprise value of approximately
Mercato Partners Acquisition Corporation announced that starting December 27, 2021, holders of units from its IPO can separately trade shares of Class A common stock and warrants. These will be traded on the Nasdaq under symbols MPRA and MPRAW, respectively. Units not separated will continue to trade under MPRAU. The offering was managed by BofA Securities, and a registration statement became effective on November 3, 2021. This press release does not constitute an offer for the sale of securities.
Mercato Partners Acquisition Corporation (MPRA) announced the exercise of its underwriter's overallotment option, resulting in the issuance of an additional 3,000,000 units priced at $10.00 each. This brings the total units issued during the initial public offering to 23,000,000, for a cumulative offering price of $230,000,000. The units consist of one share of Class A common stock and one-half warrant, trading under the ticker symbol MPRAU. The company aims to leverage its management expertise for potential acquisitions in technology or branded consumer products.
Mercato Partners Acquisition Corporation (MPRA) has priced its initial public offering (IPO) at $10.00 per unit, generating gross proceeds of $200 million. The IPO consists of 20 million units, each comprising one share of Class A common stock and a half warrant, with the warrants entitling holders to purchase additional shares at an exercise price of $11.50. The trading on Nasdaq under the symbol MPRAU begins on November 4, 2021, with an expected closing on November 8, 2021. BofA Securities is the sole underwriter for the offering.
