0001868269 false 0001868269 2023-08-16 2023-08-16 0001868269 LATGU:UnitseachconsistingofoneClassAordinaryshareMember 2023-08-16 2023-08-16 0001868269 LATGU:ClassAordinarysharesparvaluepershareMember 2023-08-16 2023-08-16 0001868269 LATGU:RedeemablewarrantseachwholewarrantexercisableMember 2023-08-16 2023-08-16 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): August 17, 2023 (August 16, 2023)

 

 

LatAmGrowth SPAC

(Exact name of registrant as specified in its charter)

 

 

Cayman Islands   001-41246   98-1605340

(State or other jurisdiction
of incorporation)

  

(Commission
File Number)

   (I.R.S. Employer
Identification No.)
         

Pedregal 24

8th Floor

Molino del Rey

Mexico City, Mexico

   11000
(Address of principal executive offices)   (Zip Code)

 

+52 55 9178 9015

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) 

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) 

 

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

 

Title of each class   Trading
Symbol(s)		   Name of each exchange
on which registered
Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant   LATGU   The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 per share   LATG   The Nasdaq Stock Market LLC
Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50   LATGW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 3.01.Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

On August 16, 2023, the staff of the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“NASDAQ”) notified LatAmGrowth SPAC, a Cayman corporation (the “Company”) that NASDAQ determined to commence proceedings to delist the Company’s warrants, each whole warrant exercisable to purchase one Class A ordinary share of the Company, par value $0.0001 per share (the “Class A Ordinary Share”), at a price of $11.50 per share, and listed to trade on NASDAQ under the symbol “LATGW” (the “Warrants”), from NASDAQ and that trading in the Warrants would be suspended at the opening of business on August 25, 2023, due to the Company’s failure to maintain a minimum of $1,000,000 in aggregate market value of its outstanding warrants for continued listing under NASDAQ Listing Rule 5452(b)(C). While the Company may appeal the Staff’s delisting determination by August 23, 2023, it does not intend to request an appeal. As a result, a Form 25-NSE will be filed by NASDAQ with the Securities and Exchange Commission (the “SEC”) to remove the Company’s securities from listing and registration on the NASDAQ.

 

Trading in the Company’s Class A Ordinary Shares and units will continue on the NASDAQ.

 

Item 9.01Financial Statements and Exhibits.

 

(d) Exhibits

 

The following exhibits are being filed herewith:

 

     

Exhibit

No.

  Description
   
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 2 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

       
    LatAmGrowth SPAC
       
Date: August 17, 2023   By: /s/ Gerard Cremoux
    Name: Gerard Cremoux
    Title:

Chief Executive Officer, Chief Financial

Officer and Director

       

  

 

 

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Cover
Aug. 16, 2023
Document Information [Line Items]  
Document Type 8-K
Amendment Flag false
Document Period End Date Aug. 16, 2023
Entity File Number 001-41246
Entity Registrant Name LatAmGrowth SPAC
Entity Central Index Key 0001868269
Entity Tax Identification Number 98-1605340
Entity Incorporation, State or Country Code E9
Entity Address, Address Line One Pedregal 24
Entity Address, Address Line Two 8th Floor
Entity Address, Address Line Three Molino del Rey
Entity Address, City or Town Mexico City
Entity Address, Country MX
Entity Address, Postal Zip Code 11000
City Area Code +52
Local Phone Number 55 9178 9015
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Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company true
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Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant  
Document Information [Line Items]  
Title of 12(b) Security Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
Trading Symbol LATGU
Security Exchange Name NASDAQ
Class A ordinary shares, par value $0.0001 per share  
Document Information [Line Items]  
Title of 12(b) Security Class A ordinary shares, par value $0.0001 per share
Trading Symbol LATG
Security Exchange Name NASDAQ
Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50  
Document Information [Line Items]  
Title of 12(b) Security Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
Trading Symbol LATGW
Security Exchange Name NASDAQ
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