2023-08-15 08:33:58 ET
- LatAm Logistic Properties S.A. to go public via a business combination with two ( NYSE: TWOA ), a special purpose acquisition company.
- Pursuant to the business combination agreement, each of LLP and TWOA will merge with newly-formed subsidiaries of a to-be-formed holding company (Pubco).
- The estimated post-transaction enterprise value is $578 million based on a minimum of $25 million in net cash proceeds to fund growth.
- LatAm Logistic Properties’ management will roll 100% of their existing shares into equity of the combined company.
- Upon the closing of the deal, expected in the fourth quarter of 2023, the ordinary shares of Pubco are expected to be listed on the New York Stock Exchange under the new ticker symbol “LLP”.
- LLP is one of the only vertically integrated logistics real estate platforms operating across Central and South America.
- TWOA +1.57% premarket to $10.49
- Source: Press Release
For further details see:
two and LatAm Logistic Properties S.A. agree to combine