Long Table Growth Corp. 8-K

What Happened

• Long Table Growth Corp. announced the closing of its initial public offering on June 5, 2026. The Company sold 17,250,000 units (including a 2,250,000-unit overallotment) at $10.00 per unit, generating gross proceeds of $172,500,000. Each unit includes one Class A ordinary share and one-half of one redeemable warrant.
• The Company entered into standard transaction documents in connection with the IPO, including an underwriting agreement and a warrant agreement, and completed a private placement of warrants to its sponsor.
• New independent directors Rich Riley, Benjamin Doramus and Amir Husain were appointed to the board effective June 3, 2026, with committee assignments (Audit and Compensation) announced.

Key Details

• IPO size and price: 17,250,000 units at $10.00 per unit; gross proceeds $172,500,000.
• Private placement: 3,600,000 private placement warrants sold at $1.00 per warrant (aggregate $3,600,000); sale exempt from registration under Section 4(a)(2).
• Trust deposit: $173,362,500 was placed in a U.S.-based trust account (comprised of $172,250,000 of IPO proceeds — including $5,175,000 of underwriters’ deferred discount — and $1,112,500 of certain private placement warrant proceeds). Funds will remain in trust except for interest for tax payments until an initial business combination or other limited events (including redemption rights or return of funds if no business combination within 18 months).
• Board structure: Messrs. Riley, Doramus and Husain are independent; Audit Committee: Riley, Doramus, Husain (Doramus chair); Compensation Committee: Riley and Husain (Riley chair). Board now staggered into three classes with specified term expirations.

Why It Matters

• The IPO provides Long Table Growth Corp. with capital committed to a trust account to fund a future business combination; public shareholders’ protections (redemption rights and time limits) remain in place.
• The private placement of warrants to the sponsor and the public warrants issued in the IPO are economically relevant to future capitalization and potential dilution; the private sale was completed without underwriting discounts.
• Appointment of three independent directors and establishment of committee leadership are important governance developments as the company moves toward identifying and executing an initial business combination.