The SPAC issued 13,000,000 units listed on Nasdaq

Davis Polk advised the representatives of the underwriters in connection with the initial public offering of 13,000,000 units of LatAmGrowth SPAC, for aggregate proceeds of $130 million. Each unit consists of one Class A ordinary share and one-half of one warrant to purchase one Class A ordinary share of LatAmGrowth SPAC. The units were listed on the Nasdaq Global Market under the symbol “LATGU.”

LatAmGrowth SPAC is a newly incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It intends to focus on businesses in Latin America or Hispanic-owned businesses in the United States.

The Davis Polk corporate team included partner Maurice Blanco, counsel Katia Brener and associate Kamil Turkmani. The tax team included partner Ethan R. Goldman and associates Dov Sussman and Bree Gong. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are all based in the New York office.

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