MEKA in $287.5 Million SPAC IPO

October 1, 2021

Cleary Gottlieb represented MELI Kaszek Pioneer Corp (MEKA) in its $287.5 million initial public offering on the Nasdaq Global Market.

The offering consisted of 28.75 million Class A ordinary shares (including the exercise of the underwriters’ overallotment option in full) at a price of $10 per share. The offering priced on September 28, 2021, and closed on October 1, 2021.

BofA Securities Inc., Goldman Sachs & Co. LLC, Allen & Company LLC, and J.P. Morgan Securities LLC acted as joint bookrunning managers for the offering.

MEKA is a blank check company sponsored by MercadoLibre, Inc. and Kaszek, whose business purpose is to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus its search for an initial business combination on technology-enabled companies operating in Latin America across a number of verticals, including, but not limited to, commerce, financial services, logistics, healthcare, education, enterprise software, and entertainment.