By Stephen Nakrosis
Blank-check company XPAC Acquisition Corp. filed for a $200 million initial public offering on Thursday and said it intends to apply to list its units on the Nasdaq Capital Market under the symbol "XPAXU."
The company said its sponsor, XPAC Sponsor LLC, is an affiliate of XP Inc. and XP Investimentos.
The company also said, "We intend to capitalize on the strength and leading presence of the XP platform in Brazil, drawing upon the extensive networks, relationships and investment acumen of our sponsor and management team to identify, source, negotiate and execute an initial business combination in Brazil."
Citigroup is listed as the offering's sole book-running manager and XP Investimentos is listed as financial advisor.
--Write to Stephen Nakrosis at firstname.lastname@example.org
(END) Dow Jones Newswires