Long Table Growth, a blank check company formed by SPAC veteran Greg Ethridge targeting fintech and other industries, lowered the proposed deal size for its upcoming IPO on Friday.
The Dallas, TX-based company now plans to raise $150 million by offering 15 million units at $10. Each unit still contains one-half of one warrant, exercisable at $11.50. The company had previously filed to offer 20 million units at the same proposed price. At the revised deal size, Long Table Growth will raise -25% less in proceeds than previously anticipated.
Long Table Growth is led by Chairman and CEO Gregory Ethridge, a director of Vine Hill Capital Investment (Nasdaq: VCIC), a special advisor to Vine Hill Capital Investment II (Nasdaq: VHCPU; +1%), and the former CFO of Canoo and a former Senior Partner at MatlinPatterson Global Advisers. He is joined by CFO and President Joshua Ernst, the founder, Chairman and CEO of RPE Home d/b/a. Backflip.
The SPAC notes that it may pursue an initial business combination target in any industry or geographic region, but intends to focus on fintech, proptech, industrial technology/infrastructure, and energy transition.
Long Table Growth was founded in 2025. It plans to list on the Nasdaq under the symbol LTGRU. Santander is the sole bookrunner on the deal.
