Traders should monitor for the announcement of a target business. The stock's price will likely trade close to the $10.00 trust value until a deal is announced. The significant dilution from the founder shares is a key risk, as the sponsor stands to make a large profit even if the acquired company performs poorly.
Executive Summary
Long Table Growth Corp. is a blank check company (SPAC) incorporated in the Cayman Islands, led by experienced SPAC executives Gregory Ethridge and Joshua Ernst. It is conducting an IPO to raise $200 million to acquire a target in fintech, proptech, industrial tech, or energy transition. The offering features significant dilution for public shareholders due to founder shares purchased for $25,000, and the company faces typical SPAC risks, including a 24-month deadline to complete a business combination or liquidate.
Key Financial Metrics
Key Facts
- The company is a blank check SPAC with no operations, formed to acquire a target in fintech, proptech, industrial tech, or energy transition.
- It is raising $200 million in an IPO of 20 million units, each consisting of one Class A ordinary share and half a warrant.
- Founder shares (20% of post-IPO equity) were purchased for $25,000, creating immediate and substantial dilution for public shareholders.
- Public shareholders can redeem their shares for ~$10.00 per share if they disapprove of the business combination.
- The company has 24 months to complete a business combination or it must liquidate and return funds to public shareholders.
Financial Impact
The IPO raises $200 million. Public shareholders face immediate dilution of ~24% due to the founder shares. The trust account will hold $200 million, providing $10.00 per share for redemptions.
Risk Factors
- The company may fail to complete a business combination within 24 months, resulting in liquidation.
- The founder shares create substantial dilution, which could negatively impact public shareholder returns.
- Public shareholders may redeem a large number of shares, potentially making it difficult to close a deal.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-1/A Filing (Primary) | 0001213900-26-022176 |
| Document: ea027267602ex3-2_longtable.htm | 0001213900-26-022176 |
| Document: ea027267602ex1-1_longtable.htm | 0001213900-26-022176 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 11, 2026 19w ago | 8-K | — | awaiting T+20 | — | — |
Jun 4, 2026 20w ago | EFFECT | — | awaiting T+20 | — | — |
Jun 3, 2026 20w ago | 3 | — | awaiting T+20 | — | — |
May 29, 2026 21w ago | S-1/A | — | awaiting T+20 | — | — |
Mar 2, 2026 34w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
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