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TRG Latin America Acquisitions Corp.TRGS

Class A TRGSUnits TRGSURights TRGSRCIK 0002098780

Cash in trust

$208.7M

$208,749,879

Trust per share

Redemption value

IPO

Feb 2026

Combination deadline

Feb 27, 2028

541 days remaining

Filings on record

28

Latest Aug 11, 2026

Overview

TRG Latin America Acquisitions Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002098780. It completed its initial public offering in Feb 2026 and listing on Nasdaq. Class A shares trade under the ticker TRGS, units under TRGSU, rights under TRGSR on Nasdaq. The vehicle is sponsored by TRG Latin America through TRG Latin America Acquisitions LLC. The mandate targets generalist. IPO closed, trust funded, no definitive agreement announced.

we intend to focus our search on the sectors described below that have mitigated currency risk through U.
The mandate, as stated in the IPO prospectus
GeneralistNorth AmericaLatin America

Reading the filings

Arithmetic on what TRG Latin America Acquisitions Corp. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.

  • Time on the clock

    541 days to the Feb 27, 2028 deadline. The vehicle is early in its search window, and the deadline is not yet the binding constraint.

  • Underwriting

    Santander led the offering. It has been named on 18 SPAC IPOs, book-running 15 of them, and 0% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.

Scores

Recomputed 4m ago

Three readings of TRG Latin America Acquisitions Corp., each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built

FOMO

Low

How much attention is this vehicle attracting right now?

7/100

  • Filing activity14

    1 in 30 days

  • News coverage0

    0 stories in 30 days

Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.

Potential

Moderate

How likely is this vehicle to complete a combination, and at what scale?

28/100

  • Lead bank record8

    0.0%

  • Bank franchise14

    18 SPAC mandates

  • Trust scale51

    $209M

  • Stage40

    searching

Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.

These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.

SEC filing history

Free tier: filings older than 24 hours
  • 10-Q

    Quarterly report

    Accession 0001213900-26-087876

    Aug 11, 2026

    23d ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-26-056601

    May 14, 2026

    3mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001076809-26-000056

    May 14, 2026

    3mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0000919574-26-002959

    May 13, 2026

    3mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-042979

    Apr 13, 2026

    4mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-042971

    Apr 13, 2026

    4mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-035555

    Mar 27, 2026

    5mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-024179

    Mar 5, 2026

    6mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001193125-26-093909

    Mar 5, 2026

    6mo ago

    Open filing
  • SCHEDULE 13D

    Beneficial ownership report (activist)

    Accession 0001213900-26-022403

    Mar 2, 2026

    6mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-021803

    Feb 27, 2026

    6mo ago

    Open filing
  • 8-K

    Entry into a material definitive agreement; Other events

    Items 1.01, 3.02, 5.02, 5.03, 8.01, 9.01 · Accession 0001213900-26-021789

    Feb 27, 2026

    6mo ago

    Open filing
  • EFFECT

    Notice of effectiveness

    Accession 9999999995-26-000665

    Feb 26, 2026

    6mo ago

    Open filing
  • 424B4

    Final IPO prospectus

    Accession 0001213900-26-020576

    Feb 26, 2026

    6mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-020441

    Feb 25, 2026

    6mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-020440

    Feb 25, 2026

    6mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-020439

    Feb 25, 2026

    6mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-020442

    Feb 25, 2026

    6mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-020438

    Feb 25, 2026

    6mo ago

    Open filing
  • CERT

    Exchange listing certification

    Accession 0001354457-26-000215

    Feb 25, 2026

    6mo ago

    Open filing
  • 8-A12B

    Registration of securities on an exchange

    Accession 0001213900-26-020306

    Feb 25, 2026

    6mo ago

    Open filing
  • CORRESP

    Correspondence with SEC staff

    Accession 0001213900-26-019237

    Feb 23, 2026

    6mo ago

    Open filing
  • CORRESP

    Correspondence with SEC staff

    Accession 0001213900-26-019234

    Feb 23, 2026

    6mo ago

    Open filing
  • DEL AM

    DELAYING AMENDMENT

    Accession 0001213900-26-019212

    Feb 23, 2026

    6mo ago

    Open filing
  • S-1/A

    Amended IPO registration statement

    Accession 0001213900-26-018657

    Feb 20, 2026

    6mo ago

    Open filing
  • S-1

    Registration statement for the initial public offering

    Accession 0001213900-26-014365

    Feb 10, 2026

    6mo ago

    Open filing
  • UPLOAD

    SEC staff comment letter

    Accession 0000000000-26-000852

    Jan 27, 2026

    7mo ago

    Open filing
  • DRS

    Draft registration statement (confidential)

    Accession 0001213900-25-123874

    Dec 19, 2025

    8mo ago

    Open filing

TRG Latin America Acquisitions Corp.: questions answered

What is TRG Latin America Acquisitions Corp. (TRGS)?

TRG Latin America Acquisitions Corp. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002098780. It completed its initial public offering in Feb 2026 and listing on Nasdaq. Class A shares trade under the ticker TRGS, units under TRGSU, rights under TRGSR on Nasdaq. The vehicle is sponsored by TRG Latin America through TRG Latin America Acquisitions LLC. The mandate targets generalist. IPO closed, trust funded, no definitive agreement announced.

How much does TRG Latin America Acquisitions Corp. hold in trust?

Approximately $208,749,879, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

When must TRG Latin America Acquisitions Corp. complete a merger?

By Feb 27, 2028. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.

What happens if TRG Latin America Acquisitions Corp. does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in TRG Latin America Acquisitions Corp., and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

What tickers does TRG Latin America Acquisitions Corp. trade under?

Class A shares trade as TRGS on Nasdaq, the units as TRGSU, with rights as TRGSR. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.

Is the trust value the same as the share price for TRG Latin America Acquisitions Corp.?

No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.

How much dilution do TRG Latin America Acquisitions Corp.'s founder shares and warrants create?

Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.

Who sponsors TRG Latin America Acquisitions Corp., and what is their track record?

TRG Latin America Acquisitions LLC is the sponsor entity, part of the TRG Latin America franchise. This is the only vehicle we have attributed to that sponsor. Named principals: Nicolas Rohatyn.

Which banks underwrote the TRG Latin America Acquisitions Corp. IPO?

Santander. Santander was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is TRG Latin America Acquisitions Corp. tradeable, and where?

Yes. TRGS returned a live quote of $9.98 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.

Is TRG Latin America Acquisitions Corp. a good investment?

That is not a question this site answers. TRG Latin America Acquisitions Corp. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this TRG Latin America Acquisitions Corp. data come from?

Filings TRG Latin America Acquisitions Corp. submitted to the SEC under CIK 0002098780: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Sep 4, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

Read the full methodology · What is in the dataset · Report a correction

SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.

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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.