WILMINGTON, Del.--(BUSINESS WIRE)--HPX Corp. announced today that it priced its initial public offering of 22,000,000 units at $10.00 per unit. The units will be listed on the New York Stock Exchange and trade under the ticker symbol “HPX.U” beginning July 16, 2020. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Class A ordinary shares and redeemable warrants are expected to be listed on the NYSE under the symbols “HPX” and “HPX WS,” respectively.

The Company, led by Co-Chairman Bernardo Hees, Co-Chairman Rodrigo Xavier and CEO Carlos Piani, is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on businesses located in Brazil but will not be limited to a particular industry.

Credit Suisse is acting as sole book-running manager. The Company has granted the underwriter a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments, if any.