Nuvini and Mercato Partners Acquisition Corporation Announce Business Combination Transaction

SAO PAULO and SALT LAKE CITY, Feb. 27, 2023 /PRNewswire/ -- Nvni Group Limited ("NewCo") and Mercato Partners Acquisition Corporation, a publicly-listed special purpose acquisition company (Nasdaq:MPRA) ("Mercato"), today announced that they have entered into a business combination agreement by and among NewCo, Nuvini Holdings Limited (with all its subsidiaries, the "Nuvini Group"), Nuvini Merger Sub, Inc. and Mercato (the "business combination agreement"). Upon completion of the proposed business combination, the combined company will operate under the "Nuvini" name and its ordinary shares are expected to be listed on the Nasdaq Stock Market under the ticker symbol "NVNI." The business combination is expected to provide the Nuvini Group with access to the public equity capital markets and thereby position it to continue growing its portfolio of SaaS companies.