LatAmGrowth SPAC
LATG
NASDAQ Global Market11.90
USD
+3.40
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LatAmGrowth SPAC
LATG
(NASDAQ Global Market)
Recent
price
11.90
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- LatAmGrowth SPAC is a special purpose acquisition company (SPAC) primarily engaged in effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses. The company focuses its search on high-growth businesses in Latin America and Hispanic-owned businesses in the United States, targeting sectors with significant technological advantages or those positioned to benefit from structural and secular trends such as the expanding middle class in the region. Its core operations involve identifying and acquiring companies that align with these growth opportunities, rather than engaging in direct manufacturing or service provision. LatAmGrowth SPAC was founded in 2021 and is headquartered in Mexico City, Mexico. The company completed its initial public offering in January 2022, raising $130 million to pursue its business combination strategy. It is led by Chairman Eduardo Cortina and CEO Gerard Cremoux, former Head of Investment Banking for Latin America at UBS Investment Bank. Recently, the company underwent a significant operational change by rebranding as Chenghe Acquisition I Co. in November 2023 and shifting its strategic focus toward high-growth sectors in the Asia Pacific region, including technology, media, telecommunications (TMT), green energy, biotechnology, and optoelectronics. This represents a major strategic shift from its original Latin American focus, expanding its geographic and sectoral scope. LatAmGrowth SPAC operates on the Nasdaq under the ticker symbols LATGU (units), LATG (Class A ordinary shares), and LATGW (redeemable warrants). It acts as a blank-check vehicle facilitating access to public capital markets for its target business combinations. The company does not have significant standalone operations but is positioned as a vehicle for merging with promising growth companies predominantly in emerging markets, leveraging specialist leadership and capital market expertise to create value. Its geographic operations initially concentrated on Latin America and the U.S. Hispanic market, now extended through the Chenghe Acquisition rebranding to include Asia Pacific sectors, reflecting its expanded mandate.