Credit: Shutterstock photoTrine Acquisition, a SPAC led by Leo Hindery targeting the media and communications industries, raised $261 million by offering 26.1 million units at $10. The company originally planned to raise $250 million. Each unit consists of one share of common stock and one-half of one redeemable warrant, whole warrants exercisable at $11.50 per share.
Trine Acquisition plans to list on the NYSE under the symbol TRNE.U. BTIG and Cantor Fitzgerald acted as lead managers on the deal.
The article Leo Hindery's media SPAC Trine Acquisition prices upsized $261 million IPO at $10 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
