TRG Latin America Stock Quiet at $10 Mark as Activity Stalls
TRG Latin America Acquisitions Corp. shares didn’t trade on Nasdaq Tuesday, staying at $9.87 on Robinhood as of June 2. Volume stayed at zero for the session, leaving the blank-check company quiet as it seeks a merger. A different feed listed a $9.90 quote, but the last trade was May 28. That’s important now since TRG Latin America isn’t an operating company. It’s a special purpose acquisition company, or SPAC—a listed shell that collects cash and looks to buy a private firm. The stock tends to trade more on trust value, deal expectations and liquidity than on earnings.