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Mexico-focused SPAC LIV Capital Acquisition II prices $100 million IPO

February 8, 2022
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LIV Capital Acquisition II, the second blank check company led by LIV Capital Group targeting Mexico, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and three-fourths of a warrant, exercisable at $11.50.

LIV Capital Acquisition II is led by CEO and Chairman Alexander Rossi, Managing Partner of LIV Capital Group, and CFO Luis Rodrigo Clemente Gamero, CFO of LIV Capital Group. The company plans to leverage management's experience and target high-growth businesses in Mexico or with a significant presence in Mexico.

Management's previous SPAC, LIV Capital Acquisition, completed its combination with digital transformation services provider AgileThought (AGIL; -49% from $10 offer price) in August 2021. 

LIV Capital Acquisition II plans to list on the Nasdaq under the symbol LIVBU. EarlyBirdCapital acted as sole bookrunner on the deal.