LatAmGrowth SPAC

General Information

We intend to focus our search for an initial business combination on businesses in Latin America or Hispanic-owned businesses in the United States. (Incorporated in the Cayman Islands) 

We seek to exploit at least one of the following Latin American opportunities: (1) untapped potential by identifying niche sectors with supply-demand gaps, (2) regional companies supported by the growing middle-class with increased purchasing power, and (3) companies enabled to benefit from new technology creating disruption in the sectors where they operate.

Under-investment across several sectors in Latin America, including SaaS (software as a service), healthcare, retail, consumer, education, fintech, and logistics, among others, presents a large universe of potential targets with sizeable profitable growth opportunities requiring capital and expertise in the region. Also, Latin America, and Mexico in particular, has a substantial potential to increasingly serve as a production center for U.S. businesses in the context of a re-accommodation of the global supply chain, which we expect to drive domestic growth and the emergence of sizeable companies with promising growth potential.

The demographic profile of the Latin American region is favorable, including, according to the World Bank, a large population base of 646 million (approximately twice the population of the U.S. and a growing middle class with disposable income that is expected to grow at a 5.5% rate between 2022-2025, according to the Economist Intelligence Unit (“EIU”). Latin America is in the midst of realizing a demographic dividend, with a weighted average age of 31, according to Fitch Solutions, which is 9 years younger than the Developed Markets median, according to the United Nations.

(Note: LatAmGrowth SPAC priced its SPAC IPO on Jan. 24, 2022, in line with the terms in its prospectus: 13 million units at $10 each to raise $130 million.)

Employees: 0
Founded: 2021
Contact Information
Address Pedregal 24 8th Floor Molino del Rey, 11000 Mexico City, Mexico
Phone Number +52 55 9178 9015
Web Address
View Prospectus: LatAmGrowth SPAC
Financial Information
Market Cap $162.5mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol LATGU
Exchange NASDAQ
Shares (millions): 13.0
Price range $10.00 - $10.00
Est. $ Volume $130.0 mil
Manager / Joint Managers BofA Securities/ BTG Pactual
CO-Managers -
Expected To Trade: 1/25/2022
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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