SPAC two (NYSE: TWOA) filed an investor presentation highlighting its proposed business combination with LatAm Logistic Properties. The target is a developer, owner, and manager of institutional quality, Class A industrial and logistics real estate in Central and South America.
The SPAC's shareholders are scheduled to vote on the $286 million deal March 25.
Terms call for LatAm Logistic to receive 28.6 million shares valued at $10 each. There is a minimum cash closing condition of $25 million, which assumes 70% redemptions by the SPAC's public shareholders. Read more.
Source: SPAC two Files Investor Presentation on LatAm Logistics Deal