NEW YORK, Jan. 27, 2022 /PRNewswire/ -- LatAmGrowth SPAC
(the "Company") today announced the closing of its initial public
offering of 13,000,000 units at a price of $10.00 per unit. The Company's units began
trading on The Nasdaq Global Market (the "Nasdaq") under the ticker
symbol "LATGU" on January 25, 2022.
Each unit consists of one Class A ordinary share and one-half of
one redeemable warrant, with each whole warrant exercisable to
purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising
the units begin separate trading, the Class A ordinary shares and
the warrants are expected to be listed on the Nasdaq under the
symbols "LATG" and "LATGW," respectively.
The Company is a blank check company formed for the purpose of
effecting a merger, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one
or more businesses. The Company is led by Chairman of the Board
Eduardo Cortina, Chief Investment Officer Gerardo Mendoza Llanes and Chief Executive
Officer Gerard Cremoux. The Company
intends to focus its search on high growth companies in
Latin America, including
Brazil, as well as businesses in
the United States that cater to
the Hispanic community: (1) with significant technological
advantages, and/or (2) that are well positioned to benefit from the
favorable structural and secular trends of the emerging middle
class.
BofA Securities and Banco BTG Pactual S.A. — Cayman Branch
acted as the book-running managers. The Company has granted
the underwriters a 45-day option to purchase up to an additional
1,950,000 units at the initial public offering price to cover
over-allotments, if any.
The offering was made only by means of a final
prospectus. Copies of the final prospectus may be obtained
from BofA Securities, Inc. at NC1-004-03-43, 200 North College
Street, 3rd floor, Charlotte NC 28255-0001, Attn:
Prospectus Department, or
email dg.prospectus_requests@bofa.com or from Banco BTG
Pactual S.A. — Cayman Branch at 601 Lexington Avenue, 57th Floor,
New York, New York 10022,
Attention: Prospectus Department, or email at:
OL-BTGPactual-ProspectusDepartment@btgpactual.com.
The registration statement relating to the securities
became effective on January 24,
2022. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the
Company's search for an initial business combination. No assurance
can be given that the Company will ultimately complete a business
combination transaction. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of
the Company, including those set forth in the Risk Factors section
of the Company's registration statement and final
prospectus for the Company's offering filed with the U.S.
Securities and Exchange Commission (the "SEC"). Copies of
these documents are available on the SEC's website, www.sec.gov.
Any forward-looking statement in this press release speaks only as
to the date of this press release. The Company undertakes no
obligation to update these statements for revisions or
changes after the date of this release, except as required by
law.
Contacts
Investors
LatAmGrowth SPAC
Gerard Cremoux
Chief Executive Officer & Chief Financial Officer
cremoux@latamg.com
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SOURCE LatAmGrowth SPAC