Valor Latitude Acquisition Corp. (VLATU) Prices $200M IPO


Valor Latitude Acquisition Corp. (VLATU) Prices $200M IPO

Valor Latitude Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VLATU” Tuesday, May 4.

The new company aims to combine with an innovative, technology-enabled business that can improve the environment in Brazil. Valor Latitude is led by CEO Mario Mello, CFO J. Douglas Smith and Chairman Clifford M. Sobel.

Total SPAC deal count for 2021 year-to-date is now 312. This offering is expected to close on Thursday, May 6.

BofA Securities and Barclays are acting as the book-running managers of the offering. Davis Polk & Wardwell LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.