Itiquira Acquisition Corp. Closes $230 Million IPO

February 18, 2021

New York and Los Angeles – Paul Hastings LLP, a leading global law
firm, announced today that Itiquira Acquisition Corp., a Latin America-focused special-purpose acquisition company, priced its $230 million initial public offering of 23 million units at $10 per unit. The shares began trading on the Nasdaq Capital Market under the ticker symbol “ITQRU” on February 4, 2021.

Itiquira Acquisition Corp. was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar combination. The company intends to focus its search on a target located in Brazil in sectors with strong growth potential, with high correlation to Brazil growth, resilient business models, in non-cyclical industries, with favorable secular trends, including those that have been historically underserviced by the government. These include, but are not limited to, technology, healthcare, pharma, education and consumer services.

Citigroup Global Markets Inc. and UBS Securities LLC acted as joint bookrunning managers for the offering.

The Paul Hastings team advising Itiquira Acquisition Corp. was led by partner Jonathan Ko, and included associates Shai Vander, and Bianca Lazar.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.