two And LatAm Logistic Properties S.A. Announces That It Has Entered Into A Subscription Agreement For A Private Placement Of 1.5M Ordinary Shares At A Price Of $10 Per Share
Portfolio Pulse from Benzinga Newsdesk
TWOA has announced a private placement of 1.5 million shares at $10 each, totaling $15 million, in connection with its merger with LatAm Logistic Properties (LLP). This merger will result in the creation of a new holding company, Logistic Properties of the Americas (Pubco), which will become the publicly traded parent company of TWOA and LLP. The transaction, aimed at strengthening their position in the industrial and logistics real estate sector in Central and South America, is expected to close with Pubco's shares listed on the NYSE under the ticker 'LPA'.
February 20, 2024 | 2:14 pm
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TWOA's private placement of 1.5M shares at $10 each, part of a merger with LLP to form Pubco, aims to strengthen its position in the logistics real estate sector.
The private placement and subsequent merger with LLP indicate a strategic expansion and potential growth in the logistics real estate sector. This move is likely to be viewed positively by investors, given the capital infusion and the strategic positioning it signifies for TWOA.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100