IPOs

TMT SPAC Americas Technology Acquisition files for a $100 million IPO

Americas Technology Acquisition, a blank check company targeting the technology, media, and telecommunications sectors, filed on Friday with the SEC to raise up to $100 million in an initial public offering.

The Dallas, TX-based company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one warrant, exercisable at $11.50. At the proposed deal size, Americas Technology Acquisition would command a market value of $126 million.

The company is led by Chairman Lisa Harris, founder and Managing Partner of Align Capital, and CEO Jorge Marcos, a Principal at Arch Energy Partners and a Partner at Fifth Partners. The company plans to leverage its management team's experience and target the technology, media, and telecommunications (TMT) verticals.

Americas Technology Acquisition was founded in 2020 and plans to list on the NYSE under the symbol ATA.U. The company filed confidentially on October 16, 2020. EarlyBirdCapital is the sole bookrunner on the deal.

The article TMT SPAC Americas Technology Acquisition files for a $100 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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