Exhibit 99.1
Alpha Capital Acquisition Company Shareholders Approve Proposed Merger Transaction with Semantix
Transaction Expected to Close on August 3rd, 2022
NEW YORK – August 2, 2022 – Alpha Capital Acquisition Company (NASDAQ: ASPC), a special purpose acquisition company (“SPAC”) focused on technology in Latin America, today announced that Alpha Capital’s shareholders voted to approve its proposed business combination with Semantix, Latin America’s first fully integrated data platform and Brazil’s first deep tech company to be listed at Nasdaq.
The vast majority of the votes cast at the meeting voted to approve the transaction.
The business combination is scheduled to close on August 3, 2022 and the post-closing company will be renamed “Semantix, Inc.” The common stock and warrants of the combined company are set to begin trading on Nasdaq on August 4, 2022 under the new ticker symbols, “STIX” and “STIXW”, respectively.
The formal results of the vote will be included in a Current Report on Form 8-K to be filed by Alpha Capital Acquisition Company with the Securities and Exchange Commission.
About Semantix
Semantix is Latin America’s first fully integrated data software platform. Semantix has more than 300 clients with operations in approximately 15 countries using Semantix’s software and services to enhance their businesses. The company was founded in 2010 by CEO Leonardo Santos. For more information, visit www.semantix.ai.
About Alpha Capital Acquisition Company
Alpha Capital (Nasdaq: ASPC) is a special purpose acquisition company (“SPAC”) that has planned to combine its business with a Latin American-focused technology company since its $230 million initial public offering on Nasdaq in February 2021. The firm’s founders and sponsors are Alec Oxenford, CEO and Chairman, and Rafael Steinhauser, President and Director. The company’s co-sponsors include Innova Capital, FJ Labs and Dr. Irwin Jacobs. For more information, visit alpha-capital.io.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed Business Combination. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. No assurance can be given that the Business Combination