TRG Latin America Acquisitions Corp. Announces Pricing of $200 Million Initial Public Offering

Rhea-AI Summary

TRG Latin America Acquisitions (NASDAQ:TRGSU) priced a $200 million initial public offering of 20,000,000 units at $10.00 per unit, with units set to begin trading on Nasdaq under TRGSU on February 26, 2026.

Each unit contains one Class A ordinary share and one right to receive one-tenth of a Class A share upon an initial business combination. The company granted a 45-day option for an additional 3,000,000 units; separate trading of shares and rights is expected no later than the 52nd day. The offering is expected to close February 27, 2026, subject to customary conditions.

Positive

• $200 million IPO from 20,000,000 units at $10 each
• Nasdaq listing under TRGSU beginning February 26, 2026
• Underwriter Santander acting as sole book-running manager
• 45-day option for 3,000,000 additional units granted

Negative

• Over-allotment option equals 15% of the IPO units
• Units include rights convertible to one-tenth share on combination
• Class A shares and rights may not trade separately until day 52

NEW YORK, NEW YORK, Feb. 25, 2026 (GLOBE NEWSWIRE) -- TRG Latin America Acquisitions Corp. (“TRG” or the “Company”) announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit. The units will be listed on the Nasdaq Stock Exchange (“Nasdaq”) and trade under the ticker symbol “TRGSU” beginning February 26, 2026. Each unit consists of one Class A ordinary share and one right entitling the holder thereof to receive one-tenth of one Class A ordinary share upon the consummation of an initial business combination. The Class A ordinary shares and rights comprising the units are expected to begin separate trading no later than the 52nd day following this date. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols “TRGS” and “TRGSR,” respectively.

Santander is acting as sole book-running manager. The Company has granted the underwriter a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.

The offering was made by means of a prospectus. Copies of the prospectus may be obtained from Santander US Capital Markets LLC, 437 Madison Avenue, New York, NY 10022, Attention: ECM Syndicate, by email at equity-syndicate@santander.us, or by telephone at 833-818-1602.

A registration statement relating to the securities became effective on February 25, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is expected to close on February 27, 2026, subject to customary closing conditions.

About TRG Latin America Acquisitions Corp.

The Company is a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

While the Company may pursue a business combination in any business or industry, it intends to capitalize on the ability of its management team and initially focus its search on identifying a prospective target business that can benefit from its Chief Executive Officer and Chairman Nicolas S. Rohatyn, a co-founder, partner and member of The Rohatyn Group’s executive committee, and Chief Financial Officer Miguel A. Gutierrez’s, a co-founder, partner and head of private markets at The Rohatyn Group,  historical areas of business expertise.

Miguel Kiguel, Daniel Gerold, and Thomas Wolf will be serving as board members.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s preliminary prospectus for the Company’s offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investor Contact:

Investor Relations Team
TRGIR@rohatyngroup.com

FAQ

What price did TRG Latin America Acquisitions (TRGS) set for its IPO?

The IPO was priced at $10.00 per unit, raising $200 million in gross proceeds. According to the company, 20,000,000 units were sold at $10 each, with an over-allotment option for 3,000,000 additional units.

When will TRGSU begin trading on Nasdaq and under what symbol?

Units will begin trading on Nasdaq under the ticker TRGSU on February 26, 2026. According to the company, the units comprise Class A shares and rights that may trade separately later.

What does each TRGSU unit include and how do the rights convert?

Each unit contains one Class A ordinary share and one right to receive one‑tenth of a share. According to the company, rights convert upon consummation of an initial business combination.

When are the Class A shares and rights expected to begin separate trading for TRGS?

The company expects separate trading to begin no later than the 52nd day following the IPO date. According to the company, Class A shares and rights will list under TRGS and TRGSR, respectively.

What over-allotment option was granted in the TRGS offering?

The underwriter received a 45-day option to purchase up to 3,000,000 additional units. According to the company, this option covers potential over-allotments at the IPO price.

When is the TRGS offering expected to close and what conditions apply?

The offering is expected to close on February 27, 2026, subject to customary closing conditions. According to the company, the closing remains contingent on meeting those standard conditions.