Business
Semantix Announces Effectiveness of Alpha Capital’s F-4 Registration Statement
Special Meeting of Alpha Capital Shareholders to Approve Business Combination, Scheduled for August 2, 2022 Upon Closing, the Combined Company’s Common Stock
About this update from A Spac Iii Acquisition Corp.
[{"type":"text","content":"\nSpecial Meeting of Alpha Capital Shareholders to Approve Business Combination, Scheduled for August 2, 2022\n\nUpon Closing, the Combined Company’s Common Stock is Expected to Trade on Nasdaq Under the Ticker “STIX”\n\n NEW YORK--(BUSINESS WIRE)--\nSemantix, Latin America’s first fully integrated data platform, announced that on July 11, 2022, the Securities and Exchange Commission (“SEC”) declared effective the Registration Statement on Form F-4 (“Registration Statement”) in connection with its proposed business combination (the “Business Combination”) with Alpha Capital (NASDAQ: ASPC), a special purpose acquisition company (“SPAC”) focused on technology in Latin America. The Registration Statement provides important information about Semantix, Alpha Capital, and the Business Combination.\n\nAlpha Capital also announced it has established a record date of June 14, 2022 and a meeting date of August 2, 2022 for its special meeting (the “Special Meeting”) to vote on the Business Combination with Semantix. Accordingly, Alpha Capital has filed its definitive proxy statement relating to the Special Meeting with the SEC, and has commenced mailing the definitive proxy statement/prospectus to its shareholders as of the record date. The Business Combination is expected to close shortly after the Special Meeting, subject to shareholder approvals and satisfaction of other customary closing conditions. Upon closing, the combined company is expected to list on Nasdaq with its Class A common stock trading under the new ticker symbol, “STIX”.\n\n“We are pleased to have reached this important milestone on our journey to becoming a public company,” said Semantix CEO and Founder Leonardo Santos. “We believe this transaction will enable us to accelerate our growth and extend our leadership position outside of Latin America.”\n\n“Semantix’s end-to-end SaaS platform has tremendous opportunity to solve their customers’ data analytics and AI journey problems,” said Rafael Steinhauser, Founder and President, and Alec Oxenford, Founder & CEO, both of Alpha Capital. “We encourage our fellow Alpha Capital shareholders to support this business combination.”\n\nIn addition to the $230 million in Alpha Capital’s trust account (assuming no shareholder redemptions), the Business Combination includes non-redemption commitments and a private placement (the “PI...