LTGR Long Table Growth Corp.

Executive Summary

Long Table Growth Corp. filed Amendment No. 2 to its S-1 registration statement for a SPAC IPO, reducing the offering size from $200 million (20 million units) to $150 million (15 million units) and modifying the warrant component from one-third to one-half of a warrant per unit. The SEC declared the registration effective on June 3, 2026, and the IPO is imminent. The company has no target selected and will focus on fintech, proptech, industrial tech, and energy transition sectors.

Key Financial Metrics

Actionable Insight

Key Facts

• Offering size reduced to $150 million from prior $200 million target (15 million units at $10.00 each).
• Warrant component changed: each unit now includes one-half warrant (previously one-third).
• Underwriter over-allotment option: up to 2.25 million additional units.
• Sponsor purchased 5.75 million founder shares for $25,000 (~$0.004/share); up to 750,000 subject to forfeiture.
• Sponsor committed to purchase 3.6 million private placement warrants at $1.00 each ($3.6 million total).
• Trust account will hold $150.75 million ($10.05 per unit) from IPO and private placement proceeds.
• Company has 18 months from closing to complete a business combination or liquidate.
• Management targets enterprise values of $500 million to $2 billion in fintech, proptech, industrial tech, and energy transition.
• Nasdaq listing sought under symbols LTGRU (units), LTGR (shares), LTGRW (warrants).
• SEC declared registration effective June 3, 2026; IPO expected imminently.

Financial Impact

IPO raising $150 million in gross proceeds, with $150.75 million deposited in trust account. Sponsor invested $3.625 million total ($25,000 for founder shares + $3.6 million for private warrants).

Risk Factors

• No target selected; risk of liquidation if no deal within 18 months.
• Significant dilution for public shareholders due to founder shares purchased at ~$0.004 vs. $10.00 IPO price.
• Sponsor and management have conflicts of interest; may prioritize deal completion over shareholder value.
• Warrant overhang: 11.1 million warrants exercisable at $11.50/share could dilute equity.
• Potential for high redemptions at business combination, reducing available cash for deal.

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

US Market Status

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