Long Table Growth Raises $172.5M in IPO with 17.25M Units
Long Table Growth Corp closed its $172.5 million IPO by issuing 17.25 million units at $10 each, including a full overallotment of 2.25 million units. Concurrent private placement of 3.6 million warrants at $1 each and public proceeds of $173.36 million were placed in a trust.
1. IPO Closing Details
Long Table Growth Corp closed its initial public offering of 17,250,000 units at $10 per unit, including the full overallotment exercise of 2,250,000 units, raising $172.5 million. The units began trading on the Nasdaq Global Market under symbol LTGRU on June 4, 2026.
2. Private Placement and Trust Funding
Simultaneously, the company executed a private placement of 3,600,000 warrants at $1 each, generating $3.6 million, and placed a total of $173,362,500 in a trust account securing the IPO and warrant proceeds. Each public and private placement warrant grants the holder the right to purchase one Class A ordinary share at $11.50 per share.
3. Business Combination Objective
As a blank check company, Long Table Growth Corp will seek a business combination across sectors such as financial technology, property technology, industrial infrastructure, or energy transition. The management team’s track record spans investments in these areas, positioning it to target a company aligning with their expertise.
