Infracommerce’s R$400 Million Follow-On Equity Offering

Cleary Gottlieb represented Infracommerce CXaaS S.A. (Infracommerce) in its R$400 million follow-on equity offering.

The offering raised approximately R$400 million in gross proceeds and consisted of a primary offering of 250 million common shares and 83.3 million warrants. The offering was priced at R$1.60 per share on December 14, 2023, and closed on December 19, 2023. The shares were offered in Brazil to professional investors and in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The placement agents of the offering were Itau BBA, Santander, UBS, and BTG Pactual.

Infracommerce is listed on the Novo Mercado segment of the São Paulo Stock Exchange (B3) and maintains a B2B digital ecosystem that provides technology, logistics, and financial solutions to e-commerce enterprises.