Alpha Capital Acquisition merger with Semantix
We are advising Alpha Capital Acquisition on the transaction
Davis Polk is advising Alpha Capital Acquisition Company on its merger with Semantix. Semantix will have an implied equity value of approximately $1 billion and is expected to trade on the Nasdaq Capital Market under the ticker symbol STIX. In connection with the transaction, institutional investors have committed approximately $94 million in subscriptions to a PIPE, which is expected to be funded at the merger’s closing. The merger is expected to close in the first half of 2022, subject to shareholder approvals and other customary closing conditions.
Alpha Capital is a special purpose acquisition company that has planned to combine its business with a Latin American-focused technology company since its $230 million initial public offering on Nasdaq in February 2021. Semantix is Latin America’s first fully integrated data software platform, with expected 2022 revenue of nearly $73 million. More than 300 clients in over 15 countries use Semantix software and services.
The Davis Polk corporate team includes partners Daniel Brass and Derek Dostal, counsel Elliot M. de Carvalho and associates W. Soren Kreider IV, Malik M. Khalil, Alex S. Burger and Amber Leary. Partner Ethan R. Goldman is providing tax advice. Partner Travis Triano is providing executive compensation advice. Partner Frank J. Azzopardi is providing intellectual property advice. All members of the Davis Polk team are based in the New York office.