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LAMF Global Ventures Corp. I has successfully closed its initial public offering, raising $253 million by offering 25,300,000 units priced at $10.00 per unit. The offering included 3,300,000 units from the underwriters' over-allotment option. Each unit consists of one Class A ordinary share and one-half of a redeemable warrant, with each whole warrant exercisable at $11.50 per share. The units began trading on Nasdaq under the symbol LGVCU on November 11, 2021.
The Company aims to identify business combinations in various sectors, including media and technology.