Trinity Merger Corp, a SPAC formed by Trinity Real Estate Investments, has raised $300 million for its IPO after pricing its 30 million units at $10 per share. The stock began trading May 15, 2018 on the NASDAQ under the ticker symbol “TMCXU.” B. Riley FBR Inc is the underwriter.
HONOLULU–(BUSINESS WIRE)–Trinity Merger Corp. (the “Company”) announced today the pricing of its initial public offering of 30,000,000 units at $10.00 per unit. The units will be listed on The NASDAQ Capital Market (“NASDAQ”) and trade under the ticker symbol “TMCXU” beginning May 15, 2018. Each unit consists of one share of the Company’s Class A common stock and one redeemable warrant of the Company. Each warrant is exercisable to purchase one share of the Company’s Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on NASDAQ under the symbols “TMCX” and “TMCXW,” respectively.
B. Riley FBR, Inc. is acting as sole book running manager for the offering. The Company has granted the underwriter a 45-day option to purchase up to 4,500,000 additional units at the initial public offering price to cover over-allotments, if any.
The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from: B. Riley FBR, Inc., Attention: Prospectus Department, 1300 14th Street North, Suite 1400, Arlington, VA 22209, or by telephone at (800) 846-5050 or by email at firstname.lastname@example.org.
A registration statement (including a preliminary prospectus) relating to the securities has been declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 14, 2018. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Trinity Merger Corp.
Trinity Merger Corp. is a special purpose acquisition company formed by HN Investors LLC, an affiliate of Trinity Real Estate Investments LLC, for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it expects to focus its search on acquiring an operating company or business with a real estate component (such as a business within the hospitality, lodging, gaming, real estate or property services, or asset management industries).