SPAC Alpha Capital set for best day on $1 bln deal to take Brazilian co public

Semantix

17/11/2021 14:27

** Blank-check firm Alpha Capital Acquisition's shares
 ASPC.O  up 1.2% at $9.89 premarket - tracking their best day
since debut in April
    ** Brazil's data software co Semantix will go public in the
U.S. by merging with ASPC in a deal valuing the co at about $1
bln  urn:newsml:reuters.com:*:nL4N2S82TH
    ** Merger expected to fetch Semantix $324 mln, consisting of
$94 mln from private investment in public equity (PIPE) and
about $230 mln from APSC's IPO
    ** SPAC is a publicly listed shell co that raises funds with
the intention of merging with a private co within two years of
floating its shares, thus helping the private co go public
    ** Semantix will list on Nasdaq after the merger that is
expected by Q2 of 2022
    ** Up to last close, ASPC had fallen 0.8% since its debut on
April 14

 (Reporting by Bansari Mayur Kamdar)
 ((BansariMayur.Kamdar@thomsonreuters.com;))