{"url_path":"/sec/trgsu/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/2098780/0001213900-26-056601-index.html","accession_number":"0001213900-26-056601","cik":"0002098780","ticker":"TRGSU","issuer_name":"TRG Latin America Acquisitions Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2098780/0001213900-26-056601-index.html","primary_entity_key":"0002098780","primary_entity_name":"TRG Latin America Acquisitions Corp."},"word_count":733,"has_tables":true,"body_markdown":"**Item 2. Unregistered Sales of Equity Securities\nand Use of Proceeds.**\n\n \n\n**Unregistered Sales\nof Equity Securities**\n\n \n\nSimultaneously\nwith the closing of the Initial Public Offering and pursuant to the Private Placement Units Purchase Agreement, we completed the sale\nof an aggregate of 225,000 Private Placement Units to the Sponsor in the Private Placement at a purchase price of $10.00 per Private Placement\nUnit, generating gross proceeds to us of $2,250,000. The Private Placement Units (and underlying securities) are identical to the Public\nUnits (and underlying securities), except as otherwise disclosed in the IPO Registration Statement. No underwriting discounts or commissions\nwere paid with respect to such sale. The issuance of the Private Placement Units was made pursuant to the exemption from registration\ncontained in Section 4(a)(2) of the Securities Act.\n\n** **\n\n**Use of Proceeds**\n\n \n\nOn February 27, 2026, we consummated\nour Initial Public Offering of 20,000,000 Public Units. Each Public Unit consists of one Public Share and one-tenth of one Public Right.\nThe Public Units were sold at a price of $10.00 per Public Unit, generating gross proceeds to us of $200,000,000. Santander acted as the\nsole book-running manager and the underwriter of the Initial Public Offering. On March 27, 2026, Santander partially exercised the Over-Allotment\nOption in the amount of 632,000 Option Units, at a price of $10.000 per Option Unit, generating additional gross proceeds to us of $6,320,000.\n\n \n\nOn\nFebruary 27, 2026, simultaneously with the closing of the Initial Public Offering and pursuant to the Private Placement Units Purchase\nAgreement, we completed the sale of an aggregate of 225,000 Private Placement Units to the Sponsor in the Private Placement at a purchase\nprice of $10.00 per Private Placement Unit, generating gross proceeds to us of $2,250,000. The Private Placement Units (and underlying\nsecurities) are identical to the Public Units (and underlying securities), except as otherwise disclosed in the IPO Registration\nStatement.\n\n \n\nFollowing\nthe closing of the Initial Public Offering, including the partial exercise of the Over-Allotment Option, and Private Placement, a total\nof $206,320,000 comprised of (i) $200,000,000 of the proceeds from the Initial Public Offering (which amount includes $6,000,000 of the\nDeferred Fee and $6,000,000 of the Advisory Fee), (ii) $6,320,000 of proceeds from the partial exercise of the Over-Allotment Option and\n(iii) $2,250,000 of the proceeds from the Private Placement (which amount includes $189,600 of the Deferred Fee and $189,600 of the Advisory\nFee), was placed in a U.S.-based trust account maintained by Continental, acting as trustee. The proceeds held in the Trust Account may\nbe invested by Continental, as trustee, solely (i) in U.S. government securities, within the meaning set forth in Section 2(a)(16) of\nthe Investment Company Act with a maturity of 185 days or less, (ii) in any open-ended investment company that holds itself out as a money\nmarket fund selected by us meeting the conditions of paragraphs (d)(1), (d)(2), (d)(3) and (d)(4) of Rule 2a-7 of the Investment Company\nAct, (iii) as uninvested cash or (iv) in an interest or non-interest bearing demand deposit account, until the earlier of: (x) the completion\nof the Business Combination and (y) the distribution of the Trust Account, as described elsewhere in the Report. To mitigate the risk\nthat we might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer that we\nhold investments in the Trust Account, we may, at any time (based on our Management Team’s ongoing assessment of all factors related\nto our potential status under the Investment Company Act), instruct the trustee to liquidate the investments held in the Trust Account\nand instead to hold the funds in the Trust Account in cash or in an interest-bearing demand deposit account at a bank.\n\n \n\nThe\nremaining proceeds from the Initial Public Offering and the Private Placement are held outside the Trust Account. Such funds are\nbeing used primarily to enable us to identify a target and to negotiate and consummate our initial Business Combination.\n\n \n\nThere\nhas been no material change in the planned use of the proceeds from our Initial Public Offering and the Private Placement as described\nin the IPO Registration Statement. The specific investments in our Trust Account may change from time to time.\n\n \n\n**Purchases of Equity Securities by the Issuer\nand Affiliated Purchasers**\n\n** **\n\nThere\nwere no purchases of our equity securities by us or an affiliate during the quarterly period covered by the Report."}