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Chenghe Acquisition I Co   (LATG)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $11.1200 $-0.03 -0.269%
Day's High: $11.12 Week Perf: 0.27 %
Day's Low: $ 11.12 30 Day Perf: 1 %
Volume (M): 2 52 Wk High: $ 11.76
Volume (M$): $ 19 52 Wk Avg: $10.77
Open: $11.12 52 Wk Low: $10.40



 Market Capitalization (Millions $) 62
 Shares Outstanding (Millions) 6
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 6
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 0

Chenghe Acquisition I Co
Latamgrowth Spac is a special purpose acquisition company (SPAC) focused on investments in Latin American growth-oriented businesses. SPACs are created with the sole purpose of raising capital through an initial public offering (IPO) to acquire another company. Latamgrowth Spac aims to identify target companies in sectors with promising growth potential, such as technology, consumer goods, financial services, or healthcare, among others.

Once the SPAC has raised funds through its IPO, it typically has a limited timeframe, usually around two years, to identify and merge with a target company. Latamgrowth Spac's management team, which often includes experienced investors or industry experts, conducts extensive due diligence to select a suitable target company.

Upon identifying a suitable target, Latamgrowth Spac enters into a merger agreement, and shareholders of the SPAC have the opportunity to vote on the proposed acquisition. If the merger is approved, the target company becomes a publicly-traded entity through the SPAC, bypassing the traditional IPO process.

The main advantage of SPACs like Latamgrowth Spac is that they provide a faster and more streamlined path for companies to go public compared to traditional IPOs. It also allows investors to participate in the growth potential of a company without having to directly invest in private equity or venture capital funds. However, there are also risks associated with SPACs, such as the uncertainty of the target company's value and the potential for dilution of existing shareholders' equity.

In summary, Latamgrowth Spac is a SPAC focused on investing in Latin American growth-oriented businesses with the aim of providing a faster and alternative route for companies to go public and offering investors the opportunity to participate in the potential growth of these companies.


   Company Address: 38 Beach Road #29-11 189767
   Company Phone Number: 9851 8611   Stock Exchange / Ticker: NASDAQ LATG
   LATG is expected to report next financial results on April 17, 2024.


   

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Latamgrowth Spac

Latamgrowth SPAC Under Spotlight as Q1 2023 Operating Deficit Hits $0.361445 Million Amid Awaited Top-Line

The Blank Checks sector experts are closely analyzing the first quarter 2023 earnings of companies, including Latamgrowth Spac (LATG). According to the financial results, LATG has reported an operating deficit of $-0.361445 million for the period January to March 31, 2023. However, the top-line figures for this quarter have not been disclosed yet.
To have a better understanding of LATG's performance, it is worth comparing it to the first quarter of the previous year. In Q1 2022, the company recorded an operating deficit of $-0.256459 million. Additionally, the earnings were $1.786 million at that time. It is important to note that the current figures reported by LATG demonstrate a reduction of -75.15 basis points relative to Q1 2022.






 




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