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Mercato Partners Acquisition Corporation Stock Price, News & Analysis

MPRA Nasdaq

Welcome to our dedicated page for Mercato Partners Acquisition Corporation news (Ticker: MPRA), a resource for investors and traders seeking the latest updates and insights on Mercato Partners Acquisition Corporation stock.

Mercato Partners Acquisition Corporation (MPRA) is a NASDAQ-listed SPAC focused on strategic mergers, currently progressing toward a transformative combination with Nuvini Group. This page provides authorized updates on corporate developments, regulatory milestones, and market implications for investors.

Access timely updates on the proposed merger creating New PubCo (NVNI), including SEC filings, shareholder meeting details, and operational insights into Nuvini's Latin American software acquisitions. Track critical phases from regulatory approvals to post-merger integration strategies.

Key content includes merger voting procedures, advisor commentary from Maxim Group and Latham & Watkins, and analysis of Nuvini's SaaS portfolio companies like Effecti Tecnologia and Leadlovers. Discover how this combination positions New PubCo in B2B software markets.

Bookmark this page for verified updates on NASDAQ listing preparations and strategic developments. Consult SEC.gov for official documents and Morrow Sodali LLC for shareholder voting assistance.

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Rhea-AI Summary

Nuvini has entered into a business combination agreement with Mercato Partners Acquisition Corporation (NASDAQ: MPRA) to acquire a portfolio of high-growth SaaS companies in Latin America. The transaction is estimated to have an enterprise value of approximately US$312 million and is expected to provide around US$43 million in gross proceeds. Nuvini's existing shareholders will roll 100% of their equity into the combined company, which will operate under the Nuvini name. The business combination is expected to close in Q3 2023, allowing Nuvini to continue its acquisition strategy.

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Rhea-AI Summary

On January 10, 2023, Mercato Partners Acquisition Corporation (NASDAQ: MPRA) announced a non-binding letter of intent for a business combination with Nuvini S.A., a leading software-as-a-service company acquirer in Latin America. Headquartered in Sao Paulo, Nuvini is focused on expanding its portfolio of high-growth companies. The transaction, subject to board and regulatory approvals, is aimed at enhancing market access and capital for future acquisitions.

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Mercato Partners Acquisition Corporation announced that starting December 27, 2021, holders of units from its IPO can separately trade shares of Class A common stock and warrants. These will be traded on the Nasdaq under symbols MPRA and MPRAW, respectively. Units not separated will continue to trade under MPRAU. The offering was managed by BofA Securities, and a registration statement became effective on November 3, 2021. This press release does not constitute an offer for the sale of securities.

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Mercato Partners Acquisition Corporation (MPRA) has priced its initial public offering (IPO) at $10.00 per unit, generating gross proceeds of $200 million. The IPO consists of 20 million units, each comprising one share of Class A common stock and a half warrant, with the warrants entitling holders to purchase additional shares at an exercise price of $11.50. The trading on Nasdaq under the symbol MPRAU begins on November 4, 2021, with an expected closing on November 8, 2021. BofA Securities is the sole underwriter for the offering.

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FAQ

What is the market cap of Mercato Partners Acquisition Corporation (MPRA)?

The market cap of Mercato Partners Acquisition Corporation (MPRA) is approximately 115.7M.
Mercato Partners Acquisition Corporation

Nasdaq:MPRA

MPRA Rankings

MPRA Stock Data

115.68M
4.33M
100.85%
0.01%
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