LatAmGrowth SPAC's (NASDAQ:LATGU – Get Rating) lock-up period is set to expire on Monday, July 25th. LatAmGrowth SPAC had issued 13,000,000 shares in its initial public offering on January 25th. The total size of the offering was $130,000,000 based on an initial share price of $10.00. After the end of the company's lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

LatAmGrowth SPAC Stock Performance

Shares of LATGU opened at $10.00 on Monday. The stock has a 50 day simple moving average of $10.01. LatAmGrowth SPAC has a 12-month low of $9.93 and a 12-month high of $10.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Woodline Partners LP acquired a new stake in LatAmGrowth SPAC in the first quarter valued at approximately $6,030,000. Spring Creek Capital LLC bought a new position in LatAmGrowth SPAC during the first quarter worth $4,523,000. Clear Street LLC bought a new stake in LatAmGrowth SPAC in the 1st quarter valued at $2,033,000. Ghisallo Capital Management LLC bought a new stake in LatAmGrowth SPAC in the 1st quarter valued at $2,010,000. Finally, Wealthspring Capital LLC bought a new stake in LatAmGrowth SPAC in the 1st quarter valued at $1,358,000.

About LatAmGrowth SPAC

LatAmGrowth SPAC does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for an initial business combination on businesses in Latin America or Hispanic-owned businesses in the United States.

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