West Enclave Merger Corp. Fully Exercises Over-Allotment Option in IPO
West Enclave Merger Corp. announced that the underwriters of its initial public offering have fully exercised their over-allotment option, issuing an additional 1.5 million units at $10.00 per unit. The total offering now amounts to 11.5 million units, valued at $115 million. The company is a special purpose acquisition company (SPAC) focused on Latin American or U.S. businesses with ties to the region.
Topics: IPO Latin America Over-allotment Option SPAC Underwriters