Union Acquisition Corp., a blank check company focused on acquiring a Latin American business, announced terms for its IPO on Monday.
The New York, NY-based company plans to raise $100 million by offering 10 million units at a price of $10. At that price, Union Acquisition would command a market value of $125 million. Each unit consists of one share of common stock and one warrant exercisable at $11.50.
Union Acquisition Corp. was formed in 2017 and plans to list on the NYSE under the symbol LTN.U. Ladenburg Thalmann is the sole bookrunner on the deal. No timing on pricing was disclosed.
