other material
confidence high
sentiment neutral
materiality 0.50
SPAC Long Table Growth Corp. closes IPO raising $172.5M, $173.4M in trust
Long Table Growth Corp.
- IPO of 17,250,000 units at $10.00/unit, including full exercise of underwriter over-allotment of 2,250,000 units.
- Private placement of 3,600,000 warrants to sponsor at $1.00/warrant yields $3.6M additional gross proceeds.
- Total of $173,363,000 deposited in trust account ($10.05 per unit), inclusive of $5.175M deferred underwriting commission.
- Audited balance sheet shows $175.3M total assets, $10.5M liabilities, and $8.6M accumulated deficit.