IPO for SPAC LatAmGrowth SPAC (LATG) Opens at $9.93

January 25, 2022 10:42 AM EST

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Today's IPO for SPAC LatAmGrowth SPAC (NASDAQ LATGU) (NASDAQ: LATG) opened for trading at $9.93 after pricing 13,000,000 units at $10.00 per unit.

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, are acting as the book-running managers.

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