The combined company will have an estimated post-transaction enterprise value of $578 million, based on a pre-money equity value of LLP of $286 million, with a minimum of $25 million in net cash proceeds from the business combination and assuming 70% redemptions by TWOA's existing public shareholders. 

Net proceeds from the business combination will help to fund future growth opportunities.

Pubco's ordinary shares will likely be on the NYSE under the new ticker symbol "LLP." 

The business combination is likely to close in the fourth quarter of 2023. LLP is one of the only vertically integrated logistics real estate platforms operating across Central and South America. 

LLP's portfolio comprises approximately 4.8 million square feet of operating gross leasable area ("GLA") across 28 Costa Rica, Colombia, and Peru facilities.

The senior leadership of Pubco will consist of Thomas McDonald as Chairman; Esteban Saldarriaga as CEO; and Annette Fernández, CFO.

Thomas D. Hennessy, Chairman and CEO of TWOA, commented, 

"Industrial real estate continues to attract significant capital inflows due to the macroeconomic tailwinds supporting logistics and distribution demand." 

Price Action: TWOA shares traded higher by 1.67% at $10.50 premarket on the last check Tuesday.