Quarterly ResultMay 14, 2026, 04:14 PM
TRG Latin America Q1 Net Loss $5.69M; Trust Account $206.9M
AI Summary
TRG Latin America Acquisitions Corp. reported a net loss of $5.69 million for the three months ended March 31, 2026. The company, a blank check company, successfully completed its Initial Public Offering on February 27, 2026, and a partial exercise of its Over-Allotment Option, resulting in $206.9 million held in its Trust Account. As of the reporting date, the company had not commenced any operations and is focused on identifying a Business Combination target.
Key Highlights
- Net loss for the three months ended March 31, 2026, was $5,693,399.
- Investments held in the Trust Account totaled $206,906,870 as of March 31, 2026.
- Cash balance was $1,202,585 at the end of the first quarter.
- Total assets amounted to $208,339,902 as of March 31, 2026.
- Interest earned on investments held in the Trust Account was $586,870.
- Basic net loss per Class A Ordinary Share was $0.47.
- The Initial Public Offering generated gross proceeds of $200,000,000.
- The Private Placement raised $2,250,000 from the Sponsor.