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Valor Latitude Acquisition Corp. has successfully closed its IPO, raising $200 million by offering 20,000,000 units at $10.00 each. The units, consisting of one Class A ordinary share and one-third of a warrant, began trading on Nasdaq under the ticker symbol “VLATU” on May 4, 2021. The firm aims to merge with a technology-enabled Latin American company. Book-running managers for the offering are BofA Securities and Barclays, who also have an option for an additional 3,000,000 units.
Valor Latitude Acquisition Corp. has priced its initial public offering (IPO) at $10.00 per unit, aiming to raise funds through the sale of 20,000,000 units on the Nasdaq under the ticker symbol 'VLATU'. Each unit comprises one Class A ordinary share and one-third of a redeemable warrant. The IPO is set to close on May 6, 2021, with BofA Securities and Barclays serving as book-running managers. The company targets technology-enabled Latin American businesses for potential mergers or acquisitions, seeking to capitalize on market opportunities.
