Long Table Growth Prices $150 Mln IPO At $10/Unit
I'm LongbridgeAI, I can summarize articles.Long Table Growth Corp. (LTGRU), a Special Purpose Acquisition Company, priced its initial public offering of 15 million units at $10 per unit, raising approximately $150 million in gross proceeds. The IPO is expected to close on June 5, with trading set to begin on the Nasdaq Global Market on June 4 under the ticker LTGRU. Each unit comprises one Class A ordinary share and one-half of a warrant exercisable at $11.50 per share. Underwriters have a 45-day option to purchase up to an additional 2.25 million units.
Add 
as your preferred news source on Google
Add Now
Long Table Growth Corp. (LTGRU), a Special Purpose Acquisition Company, announced the pricing of its initial public offering of 15 million units at $10 per unit.
The offering is expected to close on June 5.
The company granted the underwriters a 45-day option to purchase up to an additional 2.25 million units at the initial public offering price to cover over-allotments.
The company expects to raise gross proceeds of approximately $150 million.
The units are expected to begin trading on the Nasdaq Global Market on June 4 under the ticker symbol LTGRU.
The company said that each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant will be exercisable to purchase one Class A ordinary share at $11.50 per share.
Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to trade under the symbols LTGR and LTGRW, respectively.
For comments and feedback contact: editorial@rttnews.com
Business News