Trinity Merger Corp. – IPO Expected Week of May 7th.
Mark your calendars because Trinity Merger Corp., a SPAC focused on acquiring a business/operating company with a real estate component, is expected to price late next week. Trinity plans to raise $300 million and will trade under the symbol TMCXU.
Trinity will mark the 13th SPAC IPO for 2018, with total gross proceeds for the year of $2.85 billion.
Current headline IPO terms are: $10.00 unit that consists of one share and one full warrant, 24 months to complete an acquisition and 100% of the proceeds held in trust (or $10.00 per share).
B. Riley FBR is the sole bookrunner on the deal.