We seek to exploit at least one of the following Latin American opportunities: (1) untapped potential by identifying niche sectors with supply-demand gaps, (2) regional companies supported by the growing middle-class with increased purchasing power, and (3) companies enabled to benefit from new technology creating disruption in the sectors where they operate.

The demographic profile of the Latin American region is favorable, including, according to the World Bank, a large population base of 646 million (approximately twice the population of the U.S. and a growing middle class with disposable income that is expected to grow at a 5.5% rate between 2022-2025, according to the Economist Intelligence Unit (“EIU”). Latin America is in the midst of realizing a demographic dividend, with a weighted average age of 31, according to Fitch Solutions, which is 9 years younger than the Developed Markets median, according to the United Nations.

(Note: LatAmGrowth SPAC priced its SPAC IPO on Jan. 24, 2022, in line with the terms in its prospectus: 13 million units at $10 each to raise $130 million.)