Garnero Group Acquisition, a blank check company managed by Mario Garnero to acquire energy or biotech companies in Latin American, filed and set terms for an initial public offering on Tuesday. The Sao Paulo, Brazil-based company plans to raise up to $125 million by offering 40 million units at a price of $10. At that price, the company would command a fully diluted market value of $162 million.
Garnero Group Acquisition was founded in 2014 and plans to list on the NASDAQ. It initially filed confidentially on April 11, 2014. EarlyBird Capital is the sole bookrunner on the deal. Its pricing date and proposed ticker symbol have not been disclosed.
