Monitor for any business combination announcement within the 18-month window. The stock will trade as units initially, with Class A shares and warrants separating after 52 days. The sponsor's 5,750,000 founder shares (25% of post-IPO shares) create potential dilution for public shareholders upon any deal.
Price Chart
Executive Summary
Long Table Growth Corp. (LTGRU) completed its IPO of 15,000,000 units at $10.00 per unit on June 3, 2026, with an over-allotment option for up to 2,250,000 additional units. The company also amended its charter, sold 3,600,000 private placement warrants to its sponsor for $3.6 million, and appointed directors/officers. This is a routine SPAC IPO — the company has 18 months to find a business combination target or it will liquidate and return funds to public shareholders.
Key Financial Metrics
Key Facts
- IPO of 15,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant
- Underwriters have an option to purchase up to 2,250,000 additional units to cover over-allotments
- Sponsor purchased 3,600,000 private placement warrants at $1.00 per warrant ($3.6 million total)
- Company has 18 months from IPO closing to complete a business combination or it will liquidate
- Amended and restated memorandum and articles of association adopted effective June 3, 2026
- Proceeds of $150 million deposited into trust account for benefit of public shareholders
- Deferred underwriting discount of $0.30 per unit ($4.5 million) payable only if a business combination is completed
Financial Impact
Gross proceeds of $150 million from IPO deposited into trust account; $3.6 million from private placement warrants to sponsor
Risk Factors
- No identified target — risk of no business combination within 18 months leading to liquidation
- Founder shares create 25% dilution for public shareholders upon conversion
- Warrant exercise price of $11.50 per share may limit upside if stock trades below that level
- Sponsor and insiders control Class B shares with exclusive voting rights on director appointments until a business combination
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-065914 |
| Document: ea029356901ex1-1.htm | 0001213900-26-065914 |
| Document: ea029356901ex4-1.htm | 0001213900-26-065914 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 5, 2026 20w ago | 8-K | $10.02 $10.03 | ▲ +0.10% | ▼ −1.53% | $10.18 (+1.60%) |
Jun 5, 2026 20w ago | Press Release | $10.01 $10.03 | ▲ +0.20% | ▼ −1.66% | $10.18 (+1.70%) |
Jun 4, 2026 20w ago | 424B4 | $10.01 $10.03 | ▲ +0.20% | ▼ −1.66% | $10.18 (+1.70%) |
Jun 3, 2026 20w ago | Press Release | $10.01 $10.03 | ▲ +0.20% | ▲ +1.57% | $10.18 (+1.70%) |
US Market Status
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