The Latest SPAC News and Rumors: September 13, 2021
by Marlena Haddad on 2021-09-13 at 11:31am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: MELI Kaszek Pioneer Corp. files to raise up to $250 million, MoneyLion launches crypto investing ahead of SPAC deal, and Alpha Capital seeks $1 billion technology unicorn


MercadoLibre-Sponsored SPAC Files to Raise Up to $250 Million

MELI Kaszek Pioneer Corp, a blank-check company sponsored by Latin America’s e-commerce giant MercadoLibre Inc. and Kaszek, has filed to go public.

The new company will seek to purchase a Latin American tech company, according to a statement. BofA Securities, Goldman Sachs, Allen & Company and JPMorgan are expected be the underwriters for the offering, which consists on the offering of 25 million ordinary shares at an initial price of $10 apiece.

Shares are expected to be listed on the Nasdaq under the symbol MEKA.

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MoneyLion Launches Crypto Investing Ahead of Planned SPAC Deal

The banking and investing app MoneyLion is adding crypto trading to its all-in-one financial services app.

The 8-year-old fintech company, which plans to go public later this month on the New York Stock Exchange under the ticker ML, will introduce buying and selling capabilities for bitcoin and ether at its Investor Conference on Monday morning, CEO Dee Choubey told CNBC.

MoneyLion is hoping to go public through the SPAC Fusion Acquisition Corp. (NYSE:FUSE) on Sept. 22.
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SPAC Hunting for LatAm Deals Seeks $1 Billion Technology Unicorn

Alec Oxenford, the founder of second-hand sale platforms OLX and letgo, is now the CEO of Alpha Capital (NASDAQ:ASPCU), which is seeking to merge with a technology company in Latin America. He’s aiming for a target with a valuation near $1 billion, and has narrowed down the list of contenders to 16 companies, from a starting point of 20,000, he said in an interview.

If Alpha succeeds in closing a deal, that would make it one of the few SPACs to have found a target in Latin America.

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