TRG Latin America Acquisitions Prices $200 Million Initial Public Offering
MT Newswires Live
Feb 26
TRG Latin America Acquisitions (TRGSU) said Wednesday it has priced an initial public offering of 20 million units at $10.00 per unit.
The units each consist of one share and one right entitling the holder to a tenth of a share upon the consummation of an initial business combination, the blank-check company said.
Once the securities comprising the units begin separate trading, shares and rights are expected to be listed on Nasdaq under the symbols "TRGS" and "TRGSR," respectively, the company said.
The company said it has granted the underwriter a 45-day option to purchase up to 3 million units.
The offering is expected to close on Friday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.