MELI Kaszek Pioneer Corp, a blank check company formed by MercadoLibre and Kaszek targeting tech in Latin America, filed on Monday with the SEC to raise up to $250 million.
The Miami, FL-based company plans to raise $250 million by offering 25 million shares at $10. The company is not offering units with warrants attached. The company may raise an additional $50 million at the closing of an acquisition pursuant to a forward purchase agreement with the sponsor. At the proposed deal size, MELI Kaszek Pioneer Corp would command a market value of $370 million.
The company is led by Co-CEO and Chairman Hernan Kazah, co-founder and Managing Partner of venture capital manager Kaszek Ventures, and co-founder and former CFO/COO of MercadoLibre (Nasdaq: MELI); Co-CEO and Director Pedro Arnt, who joined MercaoLibre in 1999 and currently serves as its CFO; and CIO Angel Uribe, a former Partner at TPG Growth and TPG's impact investment platform The Rise Fund. The company plans to target tech-enabled businesses operating in Latin America across a number of verticals, including commerce, financial services, logistics, healthcare, education, enterprise software, and entertainment.
MELI Kaszek Pioneer Corp was founded in 2021 and plans to list on the Nasdaq under the symbol MEKA. The company filed confidentially on July 26, 2021. BofA Securities, Goldman Sachs, Allen & Company, and J.P. Morgan are the joint bookrunners on the deal.
