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salt lake city, January 10, 2023 /PRNewswire/ — Mercato Partners Acquisition Corporation (NASDAQ: MPRA) (“Mercato Partners”) today entered into a non-binding letter of intent (“LOI”) with Nuvini SA (“Nuvini”) to combine its business announced that Nuvini acquires and manages a portfolio of high-growth software-as-a-service companies.
Head office location Sao Paulo, BrazilNuvini is the acquirer of one of the largest private serial software businesses in the United States. latin americaNuvini has six companies in its portfolio and intends to continue to expand its acquisition strategy using funding and access to capital markets. Under the terms of the LOI, Mercato Partners and Nuvini will become a combined company, and Nuvini’s existing shareholders will own 100% or more of the combined public company.
Mercato Partners expects to announce additional details regarding the proposed business combination when the definitive agreements are signed, which is expected later in the first quarter of 2023.
There is no guarantee or guarantee that the parties will successfully negotiate and enter into a definitive agreement, or that the proposed transaction will be completed on the terms or timeframe currently being considered. Any transaction is subject to the approval of both companies’ boards of directors and stockholders, regulatory approvals and other customary conditions. Upon completion of the transaction, the combined public company is expected to have greater access to lucrative acquisition targets through improved market positioning and capital. Mercato Partners CEO Greg Warnock said:
About Mercato Partners Acquisition Corporation
Mercato Partners Acquisition Corporation is a blank check company formed for the purpose of entering into business combinations with one or more companies.
Important information and where to find it
Mercato Partners has submitted to the Securities and Exchange Commission (“SEC”) a provisional proxy statement (“Extended Proxy Statement”) for a special shareholders meeting to extend the date by which Mercato Partners must complete the business combination. ”) was submitted. February 8, 2023 To July 8, 2023 (“Extended Amendment”). A definitive extended proxy statement will be mailed to stockholders of Mercato and his Partners on the record date set for voting on the extended amendment. Shareholders may also obtain a free copy of the Extended Proxy Statement by sending a request to: Mercato Partners Acquisition Corporation, 2750 E. Cottonwood Parkway, Suite #500, Cottonwood Heights, Utah 84121. The preliminary expanded proxy statement and the definitive expanded proxy statement, when made available, are also available free of charge at the SEC’s website at www.sec.gov.
Mercato Partners intends to file with the SEC a provisional proxy statement (the “Deal Proxy Statement”) if a binding definitive agreement is entered into with respect to the proposed business combination. The final Deal Proxy Statement will be mailed to Mercato and his Partners shareholders as of the record date established for voting on the proposed transaction. Shareholders may also obtain a free copy of the Deal Proxy Statement by sending a request to: Mercato Partners Acquisition Corporation, 2750 E. Cottonwood Parkway, Suite #500, Cottonwood Heights, Utah 84121. The Interim and Final Deal Proxy Statements, when they become available, will also be available free of charge on the SEC’s website at www.sec.gov.
Mercato Partners encourages investors, shareholders, and other interested parties to read the Extension Proxy Statement, the Interim Deal Proxy Statement, if available, and other documents filed with the SEC. . Amendments, Nuvini, and Proposed Transactions.
solicited participants
Mercato Partners and its directors and executive officers may be considered participants in a proxy solicitation with respect to the Extended Amendment Proposal and the potential transactions described herein under SEC rules. Information about Mercato Partners’ directors and executive officers is contained in Mercato Partners’ annual report on Form 10-K for the year ended. December 31, 2021filed with the SEC April 15, 2022Information regarding persons who may be considered participants in the solicitation of stockholders in connection with a potential transaction under SEC rules will be included in the proxy statement when filed with the SEC. These documents are freely available from the sources listed above.
No offer or solicitation
This press release does not constitute a power of attorney, consent, or solicitation of approval with respect to securities or the proposed business combination. This press release also does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor does it constitute an offer, solicitation or sale of securities in any state or jurisdiction where such offer, solicitation or sale prior to registration would be unlawful. shall not be sold. or qualification under the securities laws of such jurisdiction. No offering of securities may be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, or an exemption therefrom.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the federal securities laws relating to the proposed business combination with Nuvini, including statements regarding the anticipated timing and terms of the transaction and the benefits of the proposed business combination. Contains descriptions to configure. , business strategy and potential growth opportunities. These forward-looking statements generally include “anticipate,” “intend,” “strategy,” “opportunity,” “will,” “will,” “will,” “continue,” and Similar expressions (negative versions of such words or expressions).
Forward-looking statements are predictions, forecasts and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. A number of factors could cause actual future events to differ materially from the forward-looking statements in this document. This includes, but is not limited to: (i) the risk that the proposed business combination will not be completed in a timely manner or not at all; adversely affect the price of Mercato Partners securities; (ii) the risk that the proposed business combination will not be completed by Mercato Partners’ business combination deadline and the possibility that an extension of the business combination deadline will not be obtained; (iii) failure to meet the conditions to complete the proposed business combination; (iv) the effect of the announcement or suspension of the proposed business combination on Nuvini’s business relationships, performance and business generally; (v) the risk that the proposed business combination will disrupt Nuvini’s current plans; (vi) as a result of any legal proceedings that may be brought against Mercato Partners or related to the business combination agreement or proposed business combination; (vii) the ability to maintain the listing of Mercato Partners’ securities on the NASDAQ; (viii) the value of securities of Mercato Partners; (ix) our ability to execute our business plans, forecasts and other expectations after the completion of the proposed business combination and to identify and realize additional opportunities; (x) impact of COVID 19 and global economic and political conditions; Russia–Ukraine Conflict. The preceding list of factors is not exhaustive. You should carefully consider the aforementioned factors and other risks and uncertainties set forth in Mercato Her Partners’ Information Statement/Prospectus contained in the Form S-1 registration statement. Quarterly reports and other documents on Form 10-Q are filed with the SEC by Mercato Partners and the joint public company registrant from time to time and are available on the SEC’s website at www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events or results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on forward-looking statements. Mercato Partners assumes no obligation and does not intend to update or revise these forward-looking statements, except as required by law. event or other. Mercato Partners does not warrant that Mercato Partners or the combined public company will achieve its expectations.
Source Mercato Partners
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