LatAmGrowth SPAC Receives Nasdaq Non-Compliance Notice for Late Financial Reports

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LATAMGROWTH ($NASDAQ:LATG): LatAmGrowth SPAC, a publicly traded special purpose acquisition company, has recently received a non-compliance notice from Nasdaq due to their failure to submit financial reports in a timely manner. If the company fails to meet this deadline, they face potential delisting from the Nasdaq exchange. It is unclear what impact this non-compliance notice will have on LatAmGrowth SPAC’s stock price.

However, investors should be aware of the potential risks associated with investing in a company that is facing the potential of being delisted. It is important to remember that investing in any stock carries a certain degree of risk, and investors should do their own research before investing in any company.

Price History

On Tuesday, LATAMGROWTH SPAC received a Nasdaq non-compliance notice due to late filing of their quarterly financial reports. This news had little effect on the stock which opened at $10.6 and closed at $10.6, only increasing by 0.1% from the prior closing price of 10.6. LATAMGROWTH SPAC is currently working towards filing the required reports as soon as possible in order to regain compliance with Nasdaq. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Latamgrowth Spac. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Latamgrowth Spac. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Latamgrowth Spac. More…

Key Ratios Snapshot

Some of the financial key ratios for Latamgrowth Spac are shown below. More…

Analysis

GoodWhale recently conducted an analysis of LATAMGROWTH SPAC‘s wellbeing. After assessing the Star Chart, we have classified the company as an ‘elephant’, which is a type of company that is rich in assets after deducting off liabilities. This is an attractive option for many investors, as the company is strong in cash flows and debt, medium in asset strength, and weak in dividend, growth, and profitability. Our assessment has given the company a high health score of 9/10, showing that it is capable of paying off debt and funding future operations. This makes it an attractive option for a variety of investors, ranging from those looking for a secure investment to those seeking a higher return on investment. More…

Peers

LatAmGrowth SPAC is one of the leading special-purpose acquisition companies (SPACs) operating in Latin America. It is joined by Abri SPAC I Inc, G Squared Ascend II Inc, and two other competitors in the field of Latin American mergers and acquisitions. These four entities are working to identify and acquire promising businesses and help them become public companies via the SPAC process.

– Abri SPAC I Inc ($NASDAQ:ASPA)

Abri SPAC I Inc is a Special Purpose Acquisition Company, also known as a SPAC, which is an entity used to raise capital for the purpose of acquiring another business or assets. The company has a market cap of 31.86M as of 2023, reflecting the sentiment of the market towards the company and its potential future performance. Additionally, the company has a Return on Equity (ROE) of -23.54%, which is an indication of how well the company is using its shareholders’ equity to generate returns. Overall, this information reflects that Abri SPAC I Inc has a relatively small market cap and is not performing as well as investors had expected.

– G Squared Ascend II Inc ($NYSE:GSQB)

Cboe Global Markets, Inc. (CBOE) is a global exchange, clearinghouse and trade execution platform, whose market cap is 106.18M as of 2023. It provides trading and investment solutions to institutions, professional traders and investors, and offers a range of services including market data, trading tools and access to global markets. Its Return on Equity (ROE) is -0.71%, which indicates the company’s underperformance compared to its peers. CBOE’s key products are options on indices, stocks, ETFs, volatility and foreign exchange. The company’s services are also available across Europe, Asia Pacific and Latin America.

Summary

LATAMGROWTH SPAC is a Special Purpose Acquisition Company (SPAC) focused on investing in the rapidly growing economies of Latin America. Recently, it has received a Nasdaq non-compliance notice for failing to submit financial reports in a timely manner. This is important for investors to consider when considering investing in LATAMGROWTH SPAC since it signifies potential financial mismanagement. It is recommended to further investigate the situation by researching the company’s financial reports and Nasdaq filing to ensure there is adequate transparency.

Additionally, investors should always perform their own due diligence to ensure they are fully aware of the risks of investing in LATAMGROWTH SPAC.