TRG Latin America Acquisitions Prices $200 Million Initial Public Offering

MT Newswires Live

02/26

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.

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