XPAC Acquisition Corp.

General Information
Business:
This is a new blank-check company or SPAC formed by XP, an investment firm in Brazil. (This new SPAC is incorporated in the Cayman Islands.)
We intend to capitalize on the strength and leading presence of the XP platform in Brazil, drawing upon the extensive networks, relationships and investment acumen of our sponsor and management team to identify, source, negotiate and execute an initial business combination in Brazil in an industry (i) that we believe should benefit from long-term growth in the Brazilian economy, (ii) that has favorable secular trends and a high growth profile, (iii) that has competitive advantages as well as a consistent Environmental, Social and Governance (ESG) framework and (iv) in which our management team has previous experience, including the healthcare, financial services, education, consumer goods and retail, and technology industries, which we refer to throughout this prospectus as the Brazil focus sectors. 
(Note: XPAC Acquisition Corp. priced its SPAC IPO on July 29, 2021, in line with the terms in its prospectus: 20 million units at $10 each to raise $200 million.)

 

Industry: BLANK CHECKS
Employees: 0
Founded: 2021
Contact Information
Address 55 West 46th Street, 30th floor New York, NY 10036
Phone Number (646) 664-0501
Web Address
View Prospectus: XPAC Acquisition Corp.
Financial Information
Market Cap $250.0mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol XPAXU
Exchange NASDAQ
Shares (millions): 20.0
Price range $10.00 - $10.00
Est. $ Volume $200.0 mil
Manager / Joint Managers Citigroup
CO-Managers XP
Expected To Trade: 7/30/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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