Crescera Capital Acquisition Corp. Announces Closing of $201 Million Initial Public Offering and Exercise of Full Over-Allotment Option
November 23 2021 - 4:18PM
Business Wire
Crescera Capital Acquisition Corp. (“Crescera” or the “Company”)
announced the closing today of its initial public offering of
20,125,000 units at $10.00 per unit, including the exercise in full
by the underwriter to purchase an additional 2,625,000 units to
cover over-allotments. The units began trading on the Nasdaq Global
Market (“Nasdaq”) under the ticker symbol “CRECU” on November 19,
2021. Each unit consists of one Class A ordinary share and one-half
of one redeemable warrant. Each whole warrant entitles the holder
thereof to purchase one Class A ordinary share at a price of $11.50
per share. Only whole warrants are exercisable. Once the securities
comprising the units begin separate trading, the Class A ordinary
shares and redeemable warrants are expected to be listed on Nasdaq
under the symbols “CREC” and “CRECW,” respectively.
The Company was formed for the purpose of effecting a merger,
share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses. The
Company intends to seek a business combination with a company not
limited to a particular industry, sector or geographic region in
Latin America. The Company’s sponsor is associated with the
Brazilian asset management firm Crescera Capital.
UBS Investment Bank is acting as the sole book-running manager
of the offering. EarlyBirdCapital, Inc. is acting as financial
advisor.
The offering is being made only by means of a final prospectus.
Copies of the final prospectus may be obtained from UBS Securities
LLC by mail at 1285 Avenue of the Americas, New York, NY 10019,
Attention: Prospectus Department, by telephone at (888) 827-7275 or
by email at ol-prospectus-request@ubs.com.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on November 18, 2021. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
Company’s search for an initial business combination. No assurance
can be given that the Company will ultimately complete a business
combination transaction. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement for the initial public
offering filed with the SEC. Copies are available on the SEC’s
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20211123006182/en/
Investor Contacts Natalia C. Galarti Chief Operating Officer, Crescera
Capital Laura Guaraná
Carvalho Chief Financial
Officer spac@crescera.com
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