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Twin Ridge Capital Acquisition Corp. (TRCA.U) Prices $200M IPO


Twin Ridge Capital Acquisition Corp. (TRCA.U) Prices $200M IPO

Twin Ridge Capital Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “TRCA.U,” Thursday, March 4.

The new company aims to combine with a consumer distribution target with the potential for value-creation opportunities within its operations. Twin Ridge is led by Chairman Dale Morrison alongside Co-CEO and President Sanjay K. Morey and Co-CEO and CFO William P. Russell.

Total SPAC deal count for 2021 year-to-date is now 211. This offering is expected to close on Monday, March 8.

Barclays Capital Inc. and Evercore Group LLC are acting as joint book-running managers for the offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.