TRG Latin America Acquisitions Corp. priced an initial public offering of 20 million units at $10.00 per unit, raising $200 million. The units are slated to begin trading on the Nasdaq Stock Exchange on February 26, 2026.
Each unit issued in the offering comprises one Class A ordinary share and one right to receive one-tenth of one Class A ordinary share upon consummation of a business combination. The company said the Class A ordinary shares and the rights are expected to trade separately within 52 days following the start of unit trading, under the ticker symbols "TRGS" for the Class A ordinary shares and "TRGSR" for the rights.
Santander acted as the sole book-running manager for the offering. As part of the underwriting agreement, TRG Latin America Acquisitions granted the underwriter a 45-day option to purchase up to 3 million additional units to cover potential over-allotments.
The offering is expected to close on February 27, 2026, subject to customary closing conditions. The registration statement related to the securities became effective on February 25, 2026.
Incorporated in the Cayman Islands, TRG Latin America Acquisitions is a blank-check company formed to pursue mergers, acquisitions or similar business combinations with one or more businesses. The company said it may pursue transactions across any industry but intends to focus its search in areas aligned with management's historical business experience.
Leadership and governance roles for the company are established. Nicolas S. Rohatyn serves as chief executive officer and chairman, and Miguel A. Gutierrez is chief financial officer; both are identified as co-founders and partners at The Rohatyn Group. Miguel Kiguel, Daniel Gerold and Thomas Wolf are named as members of the company's board of directors.
This filing and pricing set the capital base for TRG Latin America Acquisitions as it prepares to identify potential targets and advance toward a business combination under the terms described in its registration materials.