LatAmGrowth SPAC announced a private placement of 7,900,000 warrants at a price of $1 per warrant for gross proceeds of $7,900,000 on November 24, 2021. The transaction will include participation from returning investor LatAmGrowth Sponsor LLC. Each warrant is exercisable to purchase one Class A ordinary share at $11.50 per share.

The company will issue 8,680,000 warrants for gross proceeds of $8,680,000 if the underwriters' over-allotment option is exercised in full. The transaction will close simultaneously with the closing of the company's IPO. The company will issue securities pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.

The securities transfer restrictions throughout this prospectus as the lock-up.