Rumor HPX.U

Brazil's Ambipar subsidiary agrees on tie-up with HPX Corp

, SPAC Research

Brazilian environmental services firm Ambipar AMBP3.SA said on Wednesday its subsidiary Emergencia Participacoes has agreed to a business combination with U.S.-listed SPAC HPX Corp.

Upon completion of the deal, Cayman Islands-incorporated company Ambipar Emergency Response will hold all the shares issued by Emergencia and become publicly traded and listed on the NYSE under the ticker symbol "AMBI."

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