- Business
- LatAmGrowth SPAC (NASDAQ: LATGU) is a blank check company focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting high-growth companies in Latin America, including Brazil, or Hispanic-owned businesses in the United States; it offers Class A ordinary shares and warrants exercisable at $11.50 per share, with units initially comprising one share and one-half warrant. Founded in 2021 as a Cayman Islands exempted company and headquartered in Mexico City, Mexico, the SPAC operates through a management team led by Chairman Eduardo Cortina and CEO Gerard Cremoux, supported by sponsor SouthLight Capital, a private equity firm with over $776 million in assets under management, more than 14 years of track record, and experience across seven Latin American countries in 12 industry sectors. Geographically, it emphasizes opportunities in Latin America and the U.S. Hispanic market, particularly niche sectors with supply-demand gaps, companies benefiting from the emerging middle class, or those leveraging technological disruption. In a major development, LatAmGrowth SPAC sought shareholder approval in September 2023 to liquidate after failing to complete a business combination by its November 2023 deadline following its $130 million IPO in January 2022, with no announced mergers, acquisitions, or new product launches since inception; as of late 2025, its units continue trading amid indications of potential delisting risks for related securities.