CMCA

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Capitalworks Emerging Markets Acquisition Corp

11.05

0.00 (0.00%)

Last Update: 28 Aug 2024 23:00:00

Yesterday: 11.05

Day's Range: 11.05 - 11.05

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10.5

Capitalworks Emerging Markets Acquisition Corp (CEMAC) is a special purpose acquisition company (SPAC) that was formed in 2021 with the aim of acquiring a business in the emerging markets. The company is sponsored by Capitalworks, a private equity firm based in South Africa.

CEMAC raised $200 million in its initial public offering (IPO) in March 2021, with the intention of using the funds to acquire a company in the financial services, healthcare, consumer goods, or industrial sectors.

The company is led by CEO Bradley Bosman and Chairman Stephen Delport, both of whom have extensive experience in private equity and investment banking.

As of August 2021, CEMAC has not yet announced a target acquisition, but the company has a two-year window to identify and complete a deal.

Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.

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