---
title: "TRG Latin America Acquisitions prices 20M-unit IPO, places $200M in trust"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277994517.md"
description: "TRG Latin America Acquisitions has successfully completed a 20,000,000-unit IPO, raising $200 million, which has been placed in a U.S. trust account. The IPO involved selling units at $10.00 each, generating gross proceeds of $200 million. Additionally, a private placement of 225,000 units was completed for $2.25 million. The total transaction costs amounted to $6,768,470, with a clean opinion issued by the auditor on the balance sheet as of February 27, 2026. The trust funds are invested in short-term U.S. treasury obligations or qualified money market funds."
datetime: "2026-03-05T22:13:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277994517.md)
  - [en](https://longbridge.com/en/news/277994517.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277994517.md)
---

# TRG Latin America Acquisitions prices 20M-unit IPO, places $200M in trust

**TRG Latin America Acquisitions completed a 20,000,000-unit IPO raising $200,000,000 and placed $200,000,000 in a U.S. trust account.**

**Key Highlights:**

-   Sold 20,000,000 units at $10.00 each in IPO, generating $200,000,000 gross proceeds.
-   Completed simultaneous private placement of 225,000 units to the sponsor for $2,250,000.
-   $200,000,000 of proceeds (including up to $6,000,000 deferred underwriting fees) held in U.S. trust account.
-   Transaction costs totaled $6,768,470, including $6,000,000 deferred underwriting fee and $250,000 cash underwriting fee.
-   Auditor issued clean opinion on balance sheet as of Feb 27, 2026; trust funds invested in short-term U.S. treasury obligations or qualified money market funds.

Original SEC Filing: TRG Latin America Acquisitions Corp. \[ TRGSU \] - 8-K - Mar. 05, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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