DILA Capital Acquisition, a blank check company formed by DILA Capital targeting tech-enabled sectors in Latin America, raised $55 million by offering 5.5 million units at $10. The company offered 0.5 million more units than anticipated. Each unit consists of one share of common stock and one warrant, exercisable at $11.50.
The company is led by CEO and Chairman Eduardo Clave and COO Alejandro Diez Barroso, co-founders and Managing Partners of venture firm DILA Capital. DILA Capital Acquisition intends to focus on companies operating in select fast growing, technology-enabled sectors that are disrupting traditional markets in Latin America.
DILA Capital Acquisition plans to list on the Nasdaq under the symbol DILAU. EarlyBirdCapital acted as sole bookrunner on the deal.
