other material
confidence high
sentiment neutral
materiality 0.60
SPAC TRGS raises $200M in IPO, places $200M in trust for acquisition
TRG Latin America Acquisitions Corp.
- 20,000,000 units sold at $10.00 each; each unit consists of one Class A share and one right (1/10 share upon business combination).
- Private placement of 225,000 units to sponsor at $10.00/unit, raising $2.25M.
- Trust account funded with $200,000,000 from IPO ($199.75M) and private placement ($250k).
- Transaction costs total $6.77M, including $6M deferred underwriting fee.
- Company has 24 months from closing to complete an initial business combination.