Valor Latitude Acquisition Corp.
VLATU
NASDAQ Capital Market10.53
USD
+0.29
- -
CIK
0001843091
ISIN
KYG9460N1144
CUSIP
G9460N114
Return %
Stock
S&P500
1Y
7.95
26.53
3Y
4.94
76.60
5Y
4.94
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Helio Lima Magalhaes
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Ugland House Grand Cayman Cayman Islands KY1-1104
- IPO Date
- May 4, 2021
- CIK
- 0001843091
- Website
- valorlatitude.com
- Similar Companies
- Business
- Valor Latitude Acquisition Corp. (VLATU) operates as a blank check company whose principal business activity is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, with a focus on technology-enabled companies in Latin America seeking to become category-defining enterprises or pursue cross-border expansion into sectors such as financial services, health and wellness, education, e-commerce, and logistics. The company, founded in 2021 and headquartered in George Town, Cayman Islands, generates no significant current operations or revenues and maintains its structure to facilitate such a transaction, supported by its sponsor, an affiliate of Valor Capital Group, a growth equity and venture capital firm specializing in US-Brazil cross-border opportunities with offices in New York, Silicon Valley, and São Paulo. Its units, each consisting of one Class A ordinary share and one-third of a warrant, trade on the Nasdaq Capital Market under the ticker VLATU. Geographically, Valor Latitude Acquisition Corp. targets opportunities primarily in Latin America, leveraging its team's deep networks and operational expertise across the region and the United States to identify high-growth targets amid rapid technology-led disruption driven by legacy inefficiencies, demographic trends, mobile proliferation, and regulatory support for innovation. The company's leadership includes seasoned professionals such as Chairman Clifford Sobel, a Managing Partner at Valor Capital Group with prior roles as U.S. Ambassador to Brazil and the Netherlands; CEO Hélio Lima Magalhães, former Citibank Brazil CEO; and other directors with extensive experience in finance, technology, and emerging markets from firms like General Motors, PayPal Latin America, and Binance USA. In a major development, Valor Latitude Acquisition Corp. announced in April 2023 that it would redeem all outstanding Class A ordinary shares at approximately $10.27 per share and wind up operations effective May 4, 2023, after failing to complete an initial business combination within the 24-month period following its May 2021 initial public offering, which raised $200 million through 20 million units priced at $10 each, underwritten by BofA Securities and Barclays. Public shares ceased trading on Nasdaq as of May 3, 2023, with the company filing to delist and terminate its SEC registration thereafter, extinguishing warrant values and focusing solely on liquidation distributions net of taxes and expenses while honoring creditor claims under Cayman Islands law; its initial shareholders waived redemption rights on Class B shares.