Crescera Acquisition Corp. (CRECU) Prices $175M IPO


Crescera Acquisition Corp. (CRECU) Prices $175M IPO

Nov 18, 2021 IPOs by Marlena Haddad

Crescera Acquisition Corp. announced the pricing of its $175 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CRECU” Friday, November 19.

The new SPAC intends to focus its search for a target in Latin America, specifically in Brazil, and in sectors with technology-enabled transformations and strong growth potential in the region, including, but not limited to technology, healthcare, education services, or consumer and retail. Crescera is led by Chief Executive Officer Felipe Samuel Aragalji, Chief Financial Officer Laura Guarana Carvalho, and Chairman Jaime Cardoso Danvila.

Total SPAC deal count for 2021 year-to-date is now 550. This offering is expected to close on Tuesday, November 23.

UBS Investment Bank is acting as the sole book-running manager of the offering. EarlyBirdCapital, Inc. is acting as financial advisor. Davis Polk & Wardwell LLP is serving as Issuer’s Counsel with Wilmer Cutler Pickering Hale & Dorr LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.