TRG Latin America sponsor buys 225K Class A shares
TRG Latin America Acquisitions Corp. reported an open-market purchase of 225,000 Class A ordinary shares at $10.00 per share on behalf of its sponsor, TRG Latin America Acquisitions LLC.
Rhea-AI Filing Summary
TRG Latin America Acquisitions Corp. reported an open-market purchase of 225,000 Class A ordinary shares at $10.00 per share on behalf of its sponsor, TRG Latin America Acquisitions LLC. Footnotes state that TRG Allocation LLC and Chief Executive Officer Nick S. Rohatyn control the managing member of the sponsor and therefore may be deemed beneficial owners of these securities, while each disclaims beneficial ownership except to the extent of any pecuniary interest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Ordinary Shares | 225,000 | $10.00 | $2.25M |
Footnotes (2)
- F1. Represents shares underlying the private placement units (each unit consisting of one Class A ordinary share one right to receive one-tenth (1/10) of one Class A ordinary share upon consummation of the Issuer's initial business combination) directly held by TRG Latin America Acquisitions LLC (the "Sponsor"), and which were acquired pursuant to a Private Placement Units Purchase Agreement by and between the Sponsor and TRG Latin America Acquisitions Corp. (the "Issuer"). Does not include 5,750,000 Class B ordinary shares, which shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment as described under the heading "Description of Securities--Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-293354).
- F2. Nick S. Rohatyn, the Chief Executive Officer and Chairman of the Issuer, controls TRG Allocation LLC, the managing member of the Sponsor and has voting and investment discretion with respect to the securities held of record by the Sponsor. As such, each of TRG Allocation LLC and Mr. Rohatyn may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Each of TRG allocation LLC and Mr. Rohatyn disclaims any beneficial ownership except to the extent of his pecuniary interest therein.
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