Semantix Debuts on Nasdaq: Brazil’s First Tech SPAC lands in the U.S.

on August 15, 2022 / by Nikki Cabus , NasdaqSemantix

Just this month, Brazilian software and data platform, Semantix (SITX), has merged with Alpha Capital (ASPC), a special purpose acquisition company, or ‘SPAC’ focused on technology in Latin America. It is the first technology SPAC from Brazil listed in the United States and they just opened an office in South Florida – Coral Gables to be specific.

The end-to-end artificial intelligence company debuted on Nasdaq valued at approximately $1 billion. Semantix is Latin America’s first fully integrated data software platform. The common stock and warrants began trading under the tickers STIX and STIXW, priced at $10.

CEO Leonardo Santos

Founder & CEO of Semantix, Leonardo Santos, celebrated by ringing the opening bell at Nasdaq at market on Thursday, August 4, 2022 surrounded by friends, family and employees.

“We are excited to have reached this important milestone in our mission to transform companies’ data driven models and impact billions of lives with data,” said CEO Leonardo Santos. “Our entry into the public markets puts us in a stronger position to accelerate our growth plans and scale internationally. We are incredibly grateful to our leadership team, employees, partners, and customers for their support in our journey.”

Semantix has more than 300 clients with operations in approximately 15 countries using Semantix’s software and services to enhance their businesses. The management team, led by CEO and Founder Leonardo Santos, CFO Adriano Alcalde, General Manager LatAm Andre Frederico, and CSO and Investor Relations Officer Marcela Bretas, will continue to lead the public company following the Business Combination.

“Semantix has grown into a leader among more than 20,000 technology companies in Latin America, and we believe they have the potential to become a global player with significant growth opportunities,” said Rafael Steinhauser, Founder and President, and Alec Oxenford, Founder & CEO, both of Alpha Capital. “We are pleased that our investors supported the merger with this fast-growing, data analytics and A.I. leader. We look forward to continuing our partnership as long-term owners and supporters of Semantix.”

Semantix is not a new company. They have real staff, real revenue and real growth which will continue through their new North American in Miami-Dade county. The company is looking to expand through acquisitions and will be hiring tech talent in the region.

Semantix CEO Leonardo Santos, Semantix client, and Head of North American Sales Arthur Mazzini at Tech Hub birthday celebration

Semantix CEO Leonardo Santos told Tech Hub that being a part of the local South Florida community and helping build the tech talent pipeline are a huge part of the company’s initiatives through programs such as the Semantix Institute and Semantix Academy.

The company recently supported Tech Hub’s birthday celebration and will also support the upcoming Tech Talent Fest in an effort to attract more talent to the region. The company recently landed in North America, but aren’t taking long to make their mark!

For more information, visit www.semantix.ai.