TRG Latin America Acquisitions Corporation (TRGSU) said that it has priced its initial public offering of 20 million units at $10 per unit. The units will be listed on the Nasdaq Stock Exchange and trade under the ticker symbol "TRGSU" from February 26.
The company has granted the underwriter a 45-day option to purchase up to an additional 3 million units at the initial public offering price.
Each unit consists of one class A share and one right entitling the holder thereof to receive one-tenth of one class A share upon the consummation of an initial business combination.
Once the securities comprising the units begin separate trading, the class A shares and rights are expected to be listed on Nasdaq under the symbols "TRGS" and "TRGSR," respectively.
"The Class A ordinary shares and rights comprising the units are expected to begin separate trading no later than the 52nd day following this date," the company said.
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