Full SPAC Listing

SPAC SEC Filings

7-Day Free Platform Trial →

SPAC IPO: TRG LATIN AMERICA ACQUISITIONS CORP. (TRGS)
Ticker: TRGS (Units: TRGSU)
Size: $200 Million
Sponsor: The Rohatyn Group (TRG)

The Rohatyn Group makes its move into the SPAC arena today, pricing a $200 million IPO to capitalize on the valuation disconnects across Latin America. TRGS begins trading on the Nasdaq following a period of heightened interest in emerging market consolidation. As a specialized asset manager with over $6 billion in AUM, the sponsor brings a deep institutional bench to a region often overlooked by generalist blank-check vehicles.

Strategy: The firm is hunting for “high-conviction” targets across Latin America, specifically focusing on the consumer, financial services, and technology sectors. The mandate is broad, but the emphasis is on market leaders in Mexico, Brazil, and Chile that can leverage TRG’s existing regional infrastructure to scale.

Leadership Team:

• Nicolas Rohatyn (CEO & Chairman): Founder of TRG and a former J.P. Morgan executive who ran the bank’s emerging markets division.
• Roberto Dañino (Director): Former Prime Minister of Peru and former General Counsel of the World Bank.

Structure: 20 million units at $10.00. Each unit consists of one Class A ordinary share and one-half (1/2) of one redeemable warrant. BTIG, LLC acted as the sole book-running manager.

SPAC IPO: FORTRESS VALUE ACQUISITION CORP. V (FVAV)
Ticker: FVAV (Units: FVAVU)
Size: $250 Million
Sponsor: Fortress Investment Group

Serial sponsor Fortress Investment Group returns to the well with its fifth “Value” vehicle, pricing a $250 million IPO. Fortress remains one of the few institutional titans still actively utilizing the SPAC product to hunt for idiosyncratic value. This launch follows a mixed track record for the series, including the successful MP Materials (MP) de-SPAC and the more volatile ATI Physical Therapy (ATIP) merger, signaling that the team is doubling down on their opportunistic “value-add” philosophy.

Strategy: FVAV is sector-agnostic but leans heavily toward businesses with strong intellectual property, stable cash flows, or those undergoing a cyclical turnaround. Given Fortress’s private equity DNA, expect a focus on heavy industry, financial services, or real estate-adjacent technology.

Leadership Team:

• Andrew McKnight (CEO): Managing Director at Fortress and a veteran of the firm’s Credit and Real Estate funds.
• Joshua Pack (Chairman): Managing Partner at Fortress with a history of distressed debt and private equity structuring.

Structure: 25 million units at $10.00. Each unit consists of one Class A ordinary share and one-fourth (1/4) of one redeemable warrant. Deutsche Bank Securities and J.P. Morgan acted as joint book-runners.

SPAC IPO: APEX TECH ACQUISITION INC. (TRAD)
Ticker: TRAD (Units: TRADU)
Size: $100 Million
Sponsor: Apex Technology Management

Apex Tech Acquisition Inc. priced a lean $100 million IPO today, signaling a “right-sized” approach to the current de-SPAC environment. By opting for a smaller trust, the sponsor minimizes the dilution and “over-funding” issues that have plagued larger vehicles in the tech sector. Trading on the NYSE, TRAD enters the market with a tight focus on mid-market software companies that require operational discipline rather than just growth capital.

Strategy: The SPAC is targeting Enterprise Software-as-a-Service (SaaS), Fintech, and Cloud Infrastructure. The goal is to identify a target with an enterprise value between $300 million and $600 million, positioning the SPAC as a primary catalyst for a public listing without the need for a massive PIPE.

Leadership Team:

• Jeff Chang (CEO): A veteran software investor with a background in late-stage venture capital and private equity.
• Mark Higgins (CFO): Former CFO of multiple mid-cap technology firms with deep experience in SEC reporting and public transitions.

Structure: 10 million units at $10.00. Each unit consists of one Class A ordinary share and one-third (1/3) of one redeemable warrant. Cantor Fitzgerald acted as the lead book-runner.