Monitor for business combination announcements post-IPO. SPACs typically have 18-24 months to complete a deal; early-stage deal rumors or target identification could drive unit price. The management team's sector focus provides a framework for potential targets.
Price Chart
Executive Summary
Long Table Growth Corp. priced its IPO of 15,000,000 units at $10.00/unit, raising $150 million (before over-allotments). The SPAC will trade on Nasdaq under LTGRU starting June 4, 2026, targeting a business combination in fintech, proptech, industrial tech, or energy transition.
Key Financial Metrics
Key Facts
- IPO of 15,000,000 units at $10.00/unit, raising $150 million
- Each unit consists of one Class A ordinary share and one-half of one redeemable warrant (exercise price $11.50)
- Underwriters have a 45-day option to purchase up to an additional 2,250,000 units
- Expected to close on June 5, 2026
- Santander is sole book-running manager
- Target sectors: fintech, proptech, industrial tech/infrastructure, energy transition
Financial Impact
Gross proceeds of $150 million from IPO, with potential additional $22.5 million from over-allotment
Risk Factors
- No identified target yet; risk of failing to complete a business combination within required timeframe
- Warrant dilution if exercised (each whole warrant for one share at $11.50)
- Underwriters' over-allotment could increase total units to 17,250,000
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3306461 |
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%) |
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