Semantix announces merger with Alpha Capital

Semantix announces merger with Alpha Capital

Semantix, an integrated SaaS data platform, announced that the Securities and Exchange Commission (SEC) has declared effective the Registration Declaration on Form F-4 (Registration Declaration) of the proposed business merger with Alpha Capital, a specific purpose acquisition (SPAC) focused on technology in Latin America. The Registration Statement provides important information about Semantix, Alpha Capital and the business merger.

Alpha Capital also announced the establishment of the registration date on June 14th and that the extraordinary meeting, held so that shareholders can vote on the merger with Semantix, will be on August 2nd. Accordingly, the company filed the definitive proxy statement related to the extraordinary meeting with the SEC and initiated communication with shareholders regarding the prospection as of the filing date. Closing of the merger is expected to take place shortly after the extraordinary meeting and is subject to shareholder approval in addition to the satisfaction of other customary closing conditions. Upon completion, the merger is expected to be listed on Nasdaq’s Class A common stock, trading under the new ticker “STIX”.

“We are pleased to have reached this important milestone on our journey to becoming a public company,” said Leonardo Santos, CEO and founder of Semantix. “We believe this transaction will allow us to accelerate our growth and extend our leadership outside of Latin America.”

“The Semantix end-to-end SaaS platform has a tremendous opportunity to solve the problems of data analytics and AI journeys,” comment Rafael Steinhauser, Founder and President, and Alec Oxenford, Founder and CEO, both of Alpha Capital. “We encourage our shareholders to support this business merger.”

In addition to the US$230 million in Alpha Capital’s trust account (assuming no shareholder redemptions), the merger includes non-redemption and private placement commitments (PIPE) of approximately US$100 million, with primary interest from Innova Capital, Bradesco, Crescera and FJ Labs. The merger values ​​Semantix at approximately $1 billion post-transaction, if no redemption is made by Alpha Capital’s shareholders.

Semantix’s management team, led by CEO and founder Leonardo Santos, CFO Adriano Alcalde, General Manager LatAm André Frederico, and CSO and Chief Investment Officer Marcela Bretas, will continue to lead the public company after the merger. . Semantix intends to use the proceeds from the merger to improve its product portfolio and expand operations internationally.

Source: TI Inside

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