- CEO
- Mario Mello Freire Neto
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Ugland House Grand Cayman Cayman Islands KY1-1104
- IPO Date
- Jun 24, 2021
- Business
- Valor Latitude Acquisition Corp. (VLATW) 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. The company focuses its search primarily on technology-enabled companies in Latin America, particularly those targeting cross-border expansion into the United States or other markets, with emphasis on sectors including financial services, health and wellness, education, e-commerce, and logistics. Incorporated in January 2021 as a Cayman Islands exempted company and headquartered in George Town, Grand Cayman, the firm completed a $200 million initial public offering in May 2021, raising proceeds through 20 million units at $10.00 each, each consisting of one Class A ordinary share and one-half of one redeemable warrant.
The company provides no current products or services beyond its core SPAC structure, which includes public shares, redeemable warrants (traded under VLATW), and private placement warrants issued to its sponsor, Valor Latitude LLC, an affiliate of Valor Capital Group; these instruments facilitate potential business combinations while offering redemption rights to public shareholders. Target markets encompass high-growth Latin American technology disruptors with strong U.S. connectivity, leveraging the sponsor's track record in venture and growth equity investments across Brazil and cross-border opportunities.
In April 2023, Valor Latitude announced the redemption of all outstanding Class A ordinary shares effective May 4, 2023, as it failed to complete an initial business combination within the 24-month period required by its amended and restated articles of association following the IPO closing on May 6, 2021. This liquidation event returned funds from the trust account to public shareholders, ceasing all operations except for winding up activities, with no subsequent mergers, acquisitions, partnerships, funding rounds, or strategic shifts reported as of late 2025. The sponsor maintains operational expertise through Valor Capital Group's networks in New York, São Paulo, and Silicon Valley, but the SPAC remains inactive post-liquidation.