Trajectory Alpha Acquisition Corp. announced the pricing of its $150 million IPO and its units are expected to begin trading on the NYSE under the symbol “TCOA.U” Friday, December 10.
The new SPAC intends to identify and work with a disruptive, technology-driven business that leverages its unique intellectual property IP and proprietary data to develop a sustainable competitive advantage and, in turn, dislodge slower moving incumbents in the target’s selected end markets. Trajectory Alpha is led by Executive Chairman and Chief Executive Officer Peter Bordes, and President and Chief Financial Officer Michael E.S. Frankel.
Total SPAC deal count for 2021 year-to-date is now 586. This offering is expected to close on Tuesday, December 14.
Guggenheim Securities, LLC is serving as sole book-running manager for this offering. Paul, Weiss, Rifkind, Wharton & Garrison 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.
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