LTGRU Long Table Growth Corp.

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Executive Summary

Long Table Growth Corp. (LTGRU) completed its IPO of 15,000,000 units at $10.00 per unit on June 3, 2026, with an over-allotment option for up to 2,250,000 additional units. The company also amended its charter, sold 3,600,000 private placement warrants to its sponsor for $3.6 million, and appointed directors/officers. This is a routine SPAC IPO — the company has 18 months to find a business combination target or it will liquidate and return funds to public shareholders.

Key Financial Metrics

Actionable Insight

Key Facts

• IPO of 15,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant
• Underwriters have an option to purchase up to 2,250,000 additional units to cover over-allotments
• Sponsor purchased 3,600,000 private placement warrants at $1.00 per warrant ($3.6 million total)
• Company has 18 months from IPO closing to complete a business combination or it will liquidate
• Amended and restated memorandum and articles of association adopted effective June 3, 2026
• Proceeds of $150 million deposited into trust account for benefit of public shareholders
• Deferred underwriting discount of $0.30 per unit ($4.5 million) payable only if a business combination is completed

Financial Impact

Gross proceeds of $150 million from IPO deposited into trust account; $3.6 million from private placement warrants to sponsor

Risk Factors

• No identified target — risk of no business combination within 18 months leading to liquidation
• Founder shares create 25% dilution for public shareholders upon conversion
• Warrant exercise price of $11.50 per share may limit upside if stock trades below that level
• Sponsor and insiders control Class B shares with exclusive voting rights on director appointments until a business combination

Documents Analyzed

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

US Market Status

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