Union Acquisition Corp. II (LATNU) Prices $175M SPAC IPO


Union Acquisition Corp. II (LATNU) Prices $175M SPAC IPO

Oct 17, 2019 INTEL by Kristi Marvin

Union Acquisition Corp. II (LATNU), announced the pricing of their $175 million SPAC IPO this evening. Union II’s units are expected to begin trading tomorrow, Friday, October 18th, under the symbol NASDAQ: LATNU.

Union Acquisition Corp. II will be focusing on companies in Latin America and will be led by Kyle Bransfeld, as Chief Executive Officer and Director, and Juan Sartori, as Non-Executive Chairman of the Board.

Total SPAC deal count for 2019 year-to-date is now 44 with $10.51 billion in gross proceeds raised. The offering is anticipated to close on Tuesday, October 22, 2019.

Congratulations to all.

Cantor Fitzgerald & Co. acted as sole book-running manager for the offering. EXOS Securities, LLC and Arcadia Securities, LLC are acting as co-managers.  Graubard Miller & Ellenoff Grossman & Schole LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively.