Prize to go public via a SPAC merger with Rose Hill Acquisition in a $425m deal.

Prize, an exporter of superfruits based in Chile, agreed to go public via a SPAC merger with Rose Hill Acquisition in a $425m deal. "Over the last 16 years, we have developed Prize into a global company providing quality, nutritious fruits to tens of millions of people in 30+ countries to feed the world. The next stage of accomplishing this goal starts with expanding the global palette for superfruits by producing new, tastier varieties targeting differentiated consumers in the nascent Chinese market alongside more mature markets like the US. The team at Rose Hill shares our vision of creating a global superfruits platform utilizing innovative technologies and production systems to improve our operations across the value chain and increase our fields' productivity and resilience to climate change," Alejandro García-Huidobro, Prize Founder and CEO.